Canadian Pension Fund OMERS Ventures Plans to Invest in Bitcoin Industry

The Ontario Municipal Employees Retirement System (OMERS) plans to invest in Bitcoin and blockchain startups. OMERS is one of the largest municipal pension funds in Canada and has its own venture capital arm, OMERS Ventures. OMERS Ventures has been investing for four years and its portfolio includes some very successful companies such as Shopify and HootSuite.

Recently, Canadian technology magazine Techvibes interviewed吉姆•奥兰多, managing director of OMERS Ventures, and希德•帕克特, director, to discuss their vision for future investments. In the interview, they mentioned that they will participate in the second round of investment with Cisco and Bank of Montreal, which will focus more on the Internet finance sector, especially in network security and Bitcoin and blockchain startups.

It is not difficult to understand why OMERS would consider investing in Bitcoin and blockchain companies, because they have the support of Cisco and Bank of Montreal. Cisco is a big company in the field of technology and cybersecurity, and Bank of Montreal is a financial giant in Canada, and the two happen to have common interests in the field of investment. In addition, the Canadian Parliament has also created a good environment for the development of Bitcoin, which is also very conducive to their investment.

Since the birth of Bitcoin, it has slowly been integrated into the traditional Internet finance sector, and to some extent, has also been successful! The traditional financial and banking sectors have realized the huge potential of Bitcoin and its underlying technology, blockchain technology.

In the future, we expect to see more funds like OMERS supporting the crypto technology industry and helping the industry realize its full potential at a faster pace.