According to the FT, U.S. foundations and university endowments are increasing their investments in cryptocurrency. The University of Austin, founded just one year ago, is raising a $5 million bitcoin fund for its $200 million endowment, making it the first such fund in the United States. Chad Thevenot, senior vice president for development at the university, said the crypto asset portfolio will be held for at least five years.
The Rockefeller Foundation, with a market value of $4.8 billion, is also considering increasing its digital asset allocation once its user base becomes more diversified.
In addition, Pantera Capital, a digital asset venture capital firm, has seen an eightfold increase in its endowment fund clients since 2018.
Add to Favorites
Share to Social Media
