Morgan Creek Digital is a hedge fund which specializes in blockchain technology and digital assets, and is backed by investment management firm Morgan Creek Capital. The firm was founded by Mark Yusko, Jason Williams and Anthony Pompliano in 2018.
Yusko is the founder and CEO of Morgan Creek Capital Management, and previously founded UNC Management Company, which is the University of North Carolina at Chapel Hill’s endowment investment office. Prior to his involvement with Morgan Creek Digital, Pompliano was the managing partner at early-stage venture firm Full Tilt Capital, which was acquired by Morgan Creek in 2018, while Williams was previously an angel investor.
In 2018, crypto index provider Bitwise partnered with Morgan Creek Capital in 2018 to create the Digital Asset Index Fund, which offers the 10 largest digital assets by market capitalization. Funds are stored in cold storage, and Morgan Creek and Bitwise have committed to auditing the fund annually. Pompliano sits on the Index Policy Committee, which oversees the fund.
During the same year, the company, alongside Akuna Capital, Galaxy Digital Ventures, Susquehanna Government Products and Devonshire Investors helped raise $4 million for BlockFi, a startup that offers US dollar loans backed by crypto collateral. In 2019, Morgan Creek Digital also backed a $3.1 million seed funding round for RealBlocks, an Ethereum-based tokenized real-estate startup company. Later that year, the firm participated in a $65 million Series B round for Figure Technologies, a startup that offers home equity loans on their own blockchain protocol.