First public pension funds to invest in crypto

In what may be a harbinger of future mass adoption of cryptographic assets for mainstream investment, two U. S. public pension funds have agreed to back venture capital fund Morgan Creek that already has investments in companies like Bakkt and Coinbase. The funds in question are the Fairfax County Employee’s and Fairfax County Police Pension Plans.

Although the exact composition of Morgan Creek’s portfolio has not been revealed, it will partly consist of cryptocurrencies like Bitcoin, according to reports.

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