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American pension fund invested in cryptocurrency

Yesterday, February 12, the American investment fund Morgan Creek Digital announced the creation of a $ 40 million venture fund that will invest in the blockchain and cryptocurrency industries. The fund received the support of several institutional investors, including one of the Fairfax (Virginia) state pension funds.

In addition to the pension fund, funds were invested by other institutional investors, including the investment fund of one of the unnamed universities, an insurance company and an investment company operating in the healthcare industry.

It is noted that pension funds that have invested in the work of Morgan Creek Digital with the blockchain and cryptocurrencies manage assets totaling $ 5 billion. attractive income. " Morgan Creek Digital Investment Fund itself, specializing in digital industry investments, is a division of the hedge fund Morgan Creek (North Carolina).


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