Canadian pension fund CPP Investments which manages $388 billion for roughly 20 million Canadians, has given up its crypto investment plan after a year-long study of crypto investment opportunities, according to Reuters sources.

Early in 2021, CPPI’s Alpha Generation Lab, which studies emerging investment trends, formed a three-member team to research cryptocurrencies and blockchain businesses.

However, one of the sources said the CPPI ended assessing investment opportunities before July, but the exact time is unclear. Sources say CPPI redeployed its research team to other areas after abandoning its efforts.