Report: Harvard, Stanford, MIT Endowments All Invest in Crypto Funds

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Multiple Ivy League and other prestigious U.S. universities are said to have made investments into “at least” one cryptocurrency fund. The report was published by the technology news site Information Wednesday, Oct. 10.

Citing an unnamed source, the Information reported that the multi-billion endowments of Harvard University, Stanford University, Dartmouth College, Massachusetts Institute of Technology (MIT), and the University of North Carolina had all invested capital in the crypto space. This is “a sign of the asset class’ growing acceptance among institutional investors,” the source said.

Harvard’s endowment is reported to have hit $39.2 billion during the fiscal year 2018, making it “by far the largest university endowment across the globe.” In the wealthiest U.S. college rankings for

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