Yale University Invests In $400 Million Crypto Fund

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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