United States digital asset firm Morgan Creek Digital has secured $40 million in funding from investors that include two major pension funds. According to a February 12 report from Bloomberg, other investors include an insurance company, a university endowment and a private foundation.
Anthony Pompliano, the founder of Morgan Creek Digital, told Bloomberg that the company sealed the funding from two of the three benefit plans from the Fairfax County Retirement Systems. The original cap for the investment was set at $25 million, but expanded upwards due to the level of interest, Pompliano said.
Katherine Molnar, the chief investment officer of one of the funds, said that blockchain technology is an “emerging opportunity” that offers an “attractive asymmetric return profile.’’
The company’s new venture capital fund is called the Morgan Creek Blockchain Opportunities Fund and is reportedly focused on investing in the digital asset industry, The Next Web revealed.