Australia’s corporate crypto portfolios diversify beyond Bitcoin
Local institutions are far less Bitcoin-heavy than their global counterparts, according to trading platform Kraken, demonstrating favour for those digital assets that support real economic activity.
While Bitcoin remains the dominant asset for most institutional investors globally, Kraken’s data indicates Australian corporates are building more diversified portfolios with a strong emphasis on utility, yield and network functionality.
The anonymised and aggregated analysis of Australian corporate portfolios shows “blue chip” digital assets Bitcoin and Ethereum together account for 59 per cent of Australian corporate crypto balances, compared with more than 70 per cent of corporate balances globally.
On their own, Bitcoin…
