Harvard, MIT & Stanford Have Successfully Invested in Crypto Funds

[Goodcat49]

Five more university endowments have invested in digital currency funds, hinting that the crowd of institutional investors is finally starting to make at least a minute bet on the developing asset class.



The Information reported that a frame of significant educational institutions such as the Massachusetts Institute of Technology (MIT), Harvard University, the University of North Carolina, Stanford University and Dartmouth College have each highly invested in more than one digital currency fund via their relevant faculties.

Time to Sow
The publication revealed that these five great university endowments have planted tens of millions of dollars in cryptocurrency funds, which in return invest in both physical digital currencies and equity in digital currency firms.

Previously, Yale University, which manages the second-biggest university faculty next to Harvard, had earmarked a share of its $29.4 billion in assets for investment into two digital currency funds managed by Andreessen Horowitz (a16z) and Paradigm.

However, even with these heavy investments, the six educational institutions are currently said to have minute exposure to this asset class. However, the point that they are engaging with the market at all could help make the space legitimate.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/harvard-mit-stanford-have-successfully-invested-in-crypto-funds/