US pensions invest in the cryptographic ecosystem
Two Virginia pension funds entered the new Morgan Creek Digital fund for digital coin companies
The funds that are now part of Morgan Creek Digital represent $ 1.2 billion in assets for the pensions of police and other public employees of Fairfax County in Virginia, United States. With this acquisition, the cryptographic ecosystem received a boost from investors and public institutions.
Both pension funds manage USD 1.2 billion for the state police force and other employees who are backing the fund, such as Fairfax County, the Virginia Police Officer Retirement System, and the Retirement System. Employees.
Officials and other state employees at retirement will be able to receive dividends in bitcoin thanks to the new cryptocurrency investment fund of more than 40 million dollars from digital asset management firm Morgan Creek Digital.
For its part, investment in digital currency companies will be the heaviest and most valuable work. In fact, Coinbase and Bakkt have already been named investment targets.
Public pension funds affect almost 20 million Americans. That is, if the experiment in Fairfax County goes well and generates the expected results, the police will have a more comfortable retirement and can serve as an example for other counties and institutions to join the initiative.
L.Sáenz
Source: Bitcoin.es
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