Yale University’s latest alternative investment? No, not Puerto Rican bonds again. This year, Yale is taking the plunge into cryptocurrencies.
The school with the second largest endowment recently helped a new digital asset fund raise $400 million, according to Bloomberg. The fund is called Paradigm and it was started by the co-founder of Coinbase, Fred Ehrsam with former Sequoia Capital partner Matt Huang. They were joined by Charles Noyes, an ex-employee of Pantera Capital.
We did a brief profile of 19 year old Noyes back in June of this year, highlighting this new project and some of the partners he was working with.
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