The UK's first pension fund has invested 3 per cent of its assets directly in bitcoin, rather than indirectly through ETFs, with the help of consultancy Cartwright. The decision was reached after intensive discussions with the fund's trustees, with ESG considerations and security in mind, and private keys managed by five independent institutions. Cartwright also plans to launch a bitcoin employee benefit scheme that will allow companies to pay bitcoin directly to employees' wallets, and several companies have expressed interest.