South Korea’s National Pension Service Doubles Crypto Investments, Signaling Institutional Confidence in Digital Assets

South Korea’s National Pension Service (NPS), one of the world’s largest pension funds, has significantly increased its investments in crypto-related companies. This massive surge represents a major shift in institutional acceptance of digital assets and signifies a growing integration into traditional finance. The NPS now holds a substantial $556.7 million in cryptocurrency stocks following an impressive 182% increase this year. This move highlights a strategic approach by the fund to diversify its portfolio and capitalize on the growth potential of the digital asset sector. The investments include major players like Coinbase, Block (formerly Square), and Robinhood. The NPS’s bold move signals a belief in the long-term viability of blockchain technology and cryptocurrency business models, potentially paving the way for greater mainstream adoption of digital assets within finance.