Even the Ivy League wants a piece of the cryptocurrency and blockchain action: Yale University has purportedly invested in new $400 million crypto-fund.
It seems even the Ivy League wants a piece of the cryptocurrency and blockchain action.
While academic institutions have been gradually evolving to include blockchain and cryptocurrency courses, they have mostly stayed away from investing in the industry – until now. Yale University has purportedly backed a new multi-million dollar crypto-fund, co-founded by former Coinbase and Sequioa Capital execs.
The Ivy League school helped the new venture, called Paradigm, raise $400 million, Bloomberg reports. It remains unclear precisely how big Yale’s investment in the fund is, though.
As far as Paradigm goes, the fund plans to invest in early-stage startups focused on blockchain and cryptocurrency technologies, according to co-founder Fred Ehrsam (who also co-founded popular cryptocurrency exchange Coinbase).