Fixed-income management entity PIMCO is reportedly looking to amp up its existing level of crypto exposure, following an initial presence established in the field via crypto-linked securities. 

Specifically, chief investment officer Daniel Ivascyn reportedly shared his confirmation via a CNBC interview regarding the achieved exposure to “crypto-linked securities” via a variety of hedge fund portfolios for PIMCO. 

Ivascyn further revealed that the company has plans down its pipeline to amp up the current exposure to the asset class in a gradual manner, which is in the scope of its “trend-following strategies or quant-oriented strategies” – which shows signs of top-tier establishments beginning to support the emerging asset class. 

“This will be a gradual process where we spent a lot of time on the internal diligence side speaking to investors. And we’ll take baby steps in an area that’s rapidly growing.”

Established in 1971, PIMCO is reportedly among the most major asset managers throughout the globe, which deals mainly with active fixed-income securities. The company’s total amount of assets under management hit the $2.2 trillion benchmark as of Dec. 31 of last year.

The development reportedly surfaced following Bitcoin surpassing the all-time highs $67,000 milestone, and Ether (ETH) eclipsed $4,100 for the first time since May, which helped the overall cryptocurrency market capitalization hit a record-breaking figure of over $2.63 trillion. 

Institutions have been making moves into crypto investments for the large part of 2021, showing signs of the increasing mainstream acceptance of digital assets.