Harvard, Stanford Among Endowments Joining Yale in Cryptocurrency Investing

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EWN reported that Ivy League institution and top U.S. college Yale University had taken the plunge into investing into cryptocurrency, crypto-based projects and blockchain startups as a portion of its $30 billion endowments via the fund Paradigm. While Yale’s substantial endowment, helmed by stalwart investor David Swensen, has been at the forefront of “alternative investments”–which includes putting capital into everything from Puerto Rican bonds to New Hampshire lumber mills–the $400 million Paradigm fund led by Coinbase co-founder Fred Ehrsam represents a first among large-scale collegiate investing into cryptocurrency. See more for yourself here.