Morgan Creek Digital Makes a Splash in Crypto

While the overall crypto market cap limps along, underneath the surface it’s a bull market.

News that Morgan Creek Digital raised over $40 million for a venture capital fund is the latest example.

I think it’s big news, I’ll tell you why below.

Morgan Creek Digital is the blockchain-based venture capital fund founded by Mark Yusko, Anthony Pompliano, and Jason Williams.

Yusko is well known in investing circles. He is the founder, CIO and managing director of Morgan Creek Capital Management, an investment management firm that advises pension funds, endowments and wealthy individuals.

According to its website, Morgan Creek Capital Management has $1.5 billion in assets under management.

Anthony Pompliano formerly worked at Facebook. And he does the Off the Chain podcast and newsletter, both worth following. You can follow Pomp on Twitter too.

Two reasons why it’s big news…

First, while the fund will primarily make equity-based investments in seed-stage companies active in the blockchain space, it will also invest in security tokens and cryptocurrencies.

And second, the fund is anchored by two public pensions and several other institutions invested including a university endowment, a hospital system, an insurance company, and a private foundation.

As Pomp tweeted soon after the announcement… the institutions are here.

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