Swyftx partners to simplify digital assets investment for SMSFs

Swyftx is partnering with a self-managed superannuation fund (SMSF) administrator for Australians who choose to invest in digital assets to establish, administer and manage SMSFs.

The partnership brings together Swyftx's digital asset platform and dedicated SMSF account offering with ESUPERFUND for establishment, administration and compliance services.

Swyftx customers establishing an SMSF can now access ESUPERFUND's services, and once established, eligible customers may choose to open a Swyftx SMSF trading account to invest in digital assets, it said.

Swyftx chief executive Andrea Yuen said the partnership strengthens Swyftx's offering to Australia's SMSF market.

"SMSFs are becoming an increasingly important part of the digital asset landscape in Australia, and we want to make the experience as straightforward as possible for trustees who choose to include crypto within their investment strategy," Yuen said.

"ESUPERFUND has significant experience and scale in the Australian SMSF sector. Bringing together their administration expertise with Swyftx's dedicated SMSF trading accounts and digital asset capabilities creates a strong end-to-end proposition for customers.

"Importantly, this isn't about telling Australians what they should invest in. It's about giving SMSF trustees who have made the decision to consider digital assets access to the infrastructure, service and support they need to do so."

Meanwhile, ESUPERFUND associate director Mark Needham highlighted the administrative efficiencies on offer for trustees.

"ESUPERFUND has always been focused on making the administration of an SMSF as straightforward and efficient as possible while leaving investment decisions with the trustees," Needham said.

"This partnership gives Swyftx customers who have independently decided that an SMSF is appropriate for them access to ESUPERFUND's establishment and administration services.

"With trustee's authorisation, Swyftx transaction data can now be transferred to ESUPERFUND for accounting and compliance purposes. This reduces the need for trustees to provide transaction records manually and supports accurate SMSF accounting and compliance reporting."