Yale University invests in Crypto Funds

One of the world’s biggest universities has invested in digital asset funds. The Ivy League school is second when it comes to endowments and higher education. They have invested in Paradigm, which is a digital asset fund that was launched by Coinbase co-founder Fred Ehrsam. With Yale’s investment, Paradigm has so far raised a whopping $400 million, which makes it one of the largest investment funds. Yale’s endowment is at $29.4 billion, which is a high record. Last year, Yale had a return of 12.3 % for the fiscal year, which ended at the at the close of June. During the last few years, the university typically has an average return of 7.4%, which is higher than the usual university endowment return. Universities have begun to invest in crypto funds due to strategic reasons. Nobody is sure on the exact figure that was donated to Paradigm by Yale, as the endowment was not on public news.

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