- Yale University’s endowment fund manager has directed investments toward Andreessen Horowitz’s and venture capital firm Paradigm’s cryptocurrency funds.
- Paradigm was launched by Coinbase co-founder Fred Ehrsam and Sequoia Capital partner Matt Huang
Crypto Veterans: Coinbase, Sequoia Capital, Andreessen Horowitz
Swenson, who has been managing Yale’s $29.4 billion endowment fund since 1985, also made investments (according to inside sources) in Paradigm, a large crypto fund launched by Sequoia Capital partner Matt Huang and Fred Ehrsam, the co-founder of digital asset exchange Coinbase
Notably, Yale University’s investment office may now be one of the very few large organizations to have made substantial investments in cryptocurrency-related projects. This is a positive development for the crypto industry, which has suffered this year due to the declining prices of digital assets.
According to Bloomberg, 96 percent of foundations and endowment fund managers surveyed by consulting agency NEPC said they had not invested in cryptocurrencies. Meanwhile, Yale’s Investment Office reported that nearly 60 percent of its investments for financial year (FY) 2019 have been in alternative investments such as hedge funds and venture capital projects.
Swenson is well-known for his wise investment decisions and is often referred to as
“Yale’s in-house Warren Buffett”, the 88-year-old billionaire and chairman of conglomerate holding company Berkshire Hathaway.
As vehicles for crypto investment are being funded in the form of hedge funds or mutual funds the last vehicle in the form of an ETF will give liquid access to the masses. Kryptoin ETFs is set to take center stage in this diversification trend with their Blockchain 10 ETF set to launch on Dobitrade the #10 exchange in terms of daily volume in mid 2019.
Invest in the Kryptoin ETF public token sale on November 1, 2019 via Dutch Auction here at https://kryptoin.io
