Ontario Teachers Pension Plan (OTPP), Canada's major professional pension fund plan company, has disclosed that its bet on FTX trading carries the lowest risk in the entire crypto asset class, Reuters reported Tuesday.
Ontario Teachers Pension Plan comments came after another Canadian pension fund company called "Caisse de Depot et Placement du Quebec" announced in August that it was writing off its entire $150 million investment in crypto lending platform Celsius Network after the lender filed for bankruptcy this year.
Ontario Teachers Pension Plan, Canada's third-largest pension fund, oversees $227.7 billion in net assets. Last October, the pension fund ventured into the crypto business with an investment in crypto exchange FTX Trading Ltd's $420 million funding round.
Jo Taylor, the CEO at Ontario Teachers Pension Plan, told Reuters previously: "In terms of the risk profile, it is probably the lowest risk profile you can have in that it's everybody else is trading on your...
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