A Japanese pension fund managing roughly $136 million in assets is preparing to channel about 1% of its portfolio into crypto. The National Business Corporate Pension Fund, which serves around 1,200 corporate members and more than 20,000 individual participants, plans to begin the allocation in fiscal year 2026.
In dollar terms, that’s approximately $1.36 million.
A hedge, not a gamble
For fiscal year 2025, the fund’s allocation sits at 80% yen-denominated assets, 15% in US dollars, and 5% in other currencies. The planned fiscal 2026 structure looks meaningfully different: 70% yen, 10% in developed-market currencies, 5% in emerging-market currencies, and a combined 5% bucket for gold and cryptocurrency.
The fund also plans to gain exposure through passive multi-asset funds run by major hedge funds rather than buying tokens directly. No Bitcoin wallets, no on-chain positions, no direct token exposure.
