RATE Group | Report reveals that Yale invests in cryptocurrency
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Report reveals that Yale invests in cryptocurrency

16 Oct Report reveals that Yale invests in cryptocurrency

Posted at 06:18h in Cryptocurrency News by

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Yale Daily News

Joining a growing market, Yale is investing in cryptocurrency funds, according to a Bloomberg report published earlier this month.

The Yale Investments Office has allegedly backed two Silicon Valley cryptocurrency funds, Paradigm and a16z crypto. Both venture funds were recently established and plan to invest in cryptocurrency assets and digital currencies, according to their websites.

But Yale is not the only university that has placed a bet on digital currency. Earlier this month, The Information, a technology-oriented news outlet, reported that the University’s peer institutions, including Harvard, Stanford and MIT, have also invested their endowments in cryptocurrency funds.

“Cryptocurrency is an area of technology that appears to be useful and appears to have a future, with big banks like Goldman Sachs and JPMorgan already investing heavily,” Charles Skorina, an investment executive recruiter,…

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