Harvard debuts in the cryptographic trade
The prestigious American university invested invested in the sale of tokens from the Blockstac computer network to create Harvard Management Company. The operation will be done under the guidelines of the SEC
The cryptographic market has a new participant. It is about Harvard University that has just made its debut in the market of cryptocurrencies through the Harvard Management Company.
The company is the main endowment of the university and has just invested in the sale of Blockstack tokens, the decentralized computer network is important. The commercialization of the tokens is raised through the regulations of the SEC.
According to the document established by the Securities and Exchange Commission of the United States, in the purchase of 95,833,333 tokens from Stacks, the designated representatives of the Harvard Management Company participated its subsidiaries: Charlie Saravia, Zavain Dar and Rodolfo González.
The most important thing about the transaction is that it represents “the first case in which an important university grant invests directly in a cryptographic token”, according to the media.
In any case, the sale of Stacks tokens provides confidence to those involved as it is done in a regulated, transparent and secure environment thanks to the SEC.
M.Pino
Source: Diario Bitcoin
