The two Fairfax County, Virginia, pension funds invested only 0.5 percent in crypto and blockchain last year.
Morgan Creek Digital raised the first $50 million for its second venture capital fund from the same two large institutional investors in its first.
Blockchain-based home equity loan startup Figure Technologies has raised $65 million in a round backed by Morgan Creek.
Fairfax County Retirement Systems has released details about its investment in a blockchain fund, apparently to quell fears about it.
In a potential first for the crypto investment sector, two U.S. public pension funds are dipping their toes in Morgan Creek's latest vehicle.
Digital assets manager Morgan Creek Digital has backed a $3.1 million seed round for tokenized real-estate startup RealBlocks.
BlockFi, a startup that offers U.S. dollar loans against crypto collateral, has raised $4 million from Mike Novogratz's Galaxy Digital and others.
Morgan Creek Digital wants to echo Warren Buffett's famous bet by wagering $1 million that crypto will outperform the S&P 500 over 10 years.
The firms are are teaming up to launch a new index fund aimed at institutional investors looking to enter the digital asset market