Harvard Takes the Plunge Into Crypto

From bnnbloomberg.ca

Harvard University’s endowment is backing Blockstack Inc., a crypto-company that seeks to hold a $50 million digital-token offering. Blockstack said in a regulatory filing Thursday that Charlie Saravia, a managing director at Harvard Management Co., is a representative on an advisory committee it formed for the sale of tokens. Harvard Management and two other investors have already purchased about 95.8 million of the company’s tokens valued at about $11.5 million, according to the filing. Harvard joins a small group of institutional investors that have jumped into crypto assets. Two pension plans in Virginia ... (full story)