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Harvard University. Photo: Bloomberg
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Markets Crypto

Harvard, Stanford, MIT Endowments Invest in Crypto Funds

By
Jon Victor
 |  Oct. 10, 2018 12:32 PM PDT
Photo: Harvard University. Photo: Bloomberg

The endowments of Harvard University, Stanford University, Dartmouth College, Massachusetts Institute of Technology and the University of North Carolina have made investments into at least one cryptocurrency fund, a person familiar with the investments said, in a sign of the asset class’ growing acceptance among institutional investors.

While many institutions have been reluctant to invest directly in cryptocurrency because of a lack of technical knowledge and uncertainty about how to store the assets securely, the move by some top universities means that several of the most high-profile institutions in the country are finally ready to enter the sector.

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