What it is
Aware Super is a not-for-profit industry superannuation fund and one of the nine Australian “megafunds” holding more than AUD 100 billion in assets. Its investment arm has historically favoured direct investment over fund commitments in areas such as infrastructure, though public reporting in 2025 noted the fund reconsidering a partial return to infrastructure fund vehicles for parts of its portfolio.
Relevance to tokenisation
Aware Super has no public tokenised-asset allocation as of this writing. The relevance here is about scale rather than a specific product, since as one of the funds absorbing smaller peers in the current consolidation wave, its post-merger scale and investment-team consolidation are the kind of institutional build-out that would need to precede any tokenised-asset allocation, on the same custody, product-wrapper, and prudential-treatment questions that apply across the superannuation sector. See Australia for that framing.