Yale University Investing in $400 Million Cryptocurrency Fund

Cryptocurrency, Investing–Yale, one of the most prestigious Ivy League universities in the United States, is reportedly apart of the investment group that is helping to raise $400 million for a massive new cryptocurrency fund.

According to a report by Bloomberg published on Friday with information supplied from an anonymous source familiar with the situation, the university is trying its hand in cryptocurrency via the fund ‘Paradigm,’ which is reported to be helmed by Coinbase co-founder Fred Ehrsam, Charles Noyes of Pantera capital, and former Sequoia Capital partner Matt Huang. The Wall Street Journal had previously reported on the departure of Huang from Sequoia, making the move in order to join with Ehrsam in the creation of the new fund.

While this has been the first reported time that Yale has invested into cryptocurrencies on such a massive scale, the school has had its influence felt in a number of different industries, from Puerto Rican bonds to timber in New…