Morgan Creek Digital, managing institutional digital assets, said that it raised its first investment from public pension funds in the cryptocurrency industry.
As reports Bloomberg, citing company founder Anthony Pompliano (Anthony Pompliano), two pension plans the Fairfax County (VA) have become anchor investors of the new venture Fund Morgan Creek Blockchain Opportunities Fund focused on digital assets.
The total volume of attracted funds amounted to $40 million, and in addition to Fairfax County Police and Fairfax County Employees Pension Plans with investors insurance company, University and private funds. More information, Pompliano refused to provide.
He wrote on Twitter:
“This morning our team Morgan Creek Digital has announced a new $40-million crypto-venture Fund with two public pension plans as anchor investors.
Companies don’t arrive. They are already here.”
This morning our team at Morgan Creek Digital announced a new $40 million crypto venture fund anchored by two public pensions.
The institutions aren’t coming.
They’re already here.
— Pomp (@APompliano) February 12, 2019
Many associate the further strengthening and growth of the stock market with the advent of the it institutional investors. This, for example, said Mike Novogratz (Mike Novogratz) or the global auditing firm KPMG. In December, JPMorgan Chase analysts led by Nikolaos Panigirtzoglou (Nikolaos Panigirtzoglou) came to the conclusion that establishments, on the contrary, lose interest in the cryptocurrency and leave the market. Recently, however, Panigirtzoglou said it may be a temporary phenomenon, and the interest of institucionales to bitcoins can be reborn.