Morgan Creek Digital exceeded its original target of $25 million for the fund. Its pitch: all traditional assets will eventually be represented by digital tokens, while the influx of intellectual capital into digital assets will create positive returns. (Photo: Bloomberg)
(Bloomberg) –Morgan Creek Digital has scored what it says is probably the first investment in the crypto-asset universe from a U.S. pension fund.
Two pension plans in Fairfax County, Virginia are anchor investors in a new $40 million venture-capital fund, according to a statement from the company.
Other investors include an insurance company, a university endowment and a private foundation, said Morgan Creek Digital founder Anthony Pompliano, who declined to provide further details.
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