It looks like the Canadian pension fund either has a greater risk appetite, overtly optimistic or just doesn’t care. I would prefer to think that it is the former two. Either way it is good for the crypto-industry.
On a serious note – The Ontario Municipal Employees Retirement System which can be shortened into OMERS for good (to make it easier for writing purposes) is planning to invest in bitcoin and blockchain start-ups. OMERS is one of the largest municipal level pension funds in Canada which has its own venture arm called OMERS Ventures. OMERS Ventures has been active for over four years now and it has few highly successful companies in its portfolio which includes Shopify and Hootsuite.
In a recent interview with one of the Canadian tech magazine – TechVibes, Jim Orlando, managing director and Sid Paquette, director of OMERS Ventures discussed about the vision and mission associated with the fund, along with the domains of interest. In the same interview, they mentioned that in collaboration with Cisco and Bank of Montreal the second round of fund is more focused towards fintech sector, especially