PANews reported on May 5th that, according to The Block, Coinbase Australia has launched a dedicated support service for self-managed superannuation funds (SMSFs), providing Australian trustees with compliant and secure digital asset investment solutions to help them incorporate crypto assets such as Bitcoin into their retirement portfolios.

According to Coinbase's official blog, the service leverages its recently obtained Australian Financial Services License (AFSL) and the capabilities of its local team to provide entity verification processes for Australian fund structures, downloadable audit reports that comply with local accounting standards, and institutional-grade security.

Australian Taxation Office data shows that there are currently over 653,000 SMSFs in Australia, managing assets totaling AUD 1.05 trillion, with over 1.2 million members. Coinbase states that SMSFs are among the few retirement structures globally that allow individuals to directly manage digital assets, and are becoming an important entry point for investors to incorporate cryptocurrencies into their long-term retirement strategies.