Two US Pensions Lead $40 Million Round in Morgan Creek’s New Blockchain Fund

Morgan Creek Digital’s new major funding news follows CEO Anthony Pompliano’s endorsement of Bitcoin’s potential to avert a pension crisis.

United States digital asset firm Morgan Creek Digital has secured $40 million in funding from investors that include two major pension funds, Bloomberg reported Feb. 12, citing a statement from the company.

Morgan Creek Digital, which launched its Digital Asset Index Fund in August last year, sealed the funding from two of the three benefit plans from the Fairfax County Retirement Systems.

The new venture capital fund is called the Morgan Creek Blockchain Opportunities Fund and is reportedly focused on investing in the digital asset industry, according to The Next Web.

The original cap for the investment was set at $25 million, but expanded upwards due to the level of interest, The Next Web reports, referencing the firm’s CEO, Anthony Pompliano.

The agreement…

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2019-02-12 13:03:00

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Written by Cointelegraph

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