• Yale is one of the investors that helped Paradigm Fund raise $400 million
• The 317-year old higher institution of learning has invested in several alternative assets in the past, from real estate to hedge funds.
• Paradigm was created by Coinbase co-founder Fred Ehrsam and Matt Huang, a former partner at Sequoia Capital.

Yale University, the second largest endowment in higher education has invested in the Paradigm Fund, a startup launched by experienced venture capitalists and claims to invest in digital assets, distributed ledger technology firms and coin exchanges.

IVY League School Joins the Bandwagon

According to sources close to the matter, Yale University, the 8th best university in the world and the third best institution of higher learning in the United States, has invested in a cryptocurrency and distributed ledger technology (DLT) fund called Paradigm.

Paradigm, a new cryptoassets and blockchain technology fund that has reportedly raised a whopping $400 million, was founded by big names in crypto and the global finance industry, including Coinbase Inc. co-founder Fred Ehrsam and Matt Huang, a former Sequoia Capital partner and Charles Noyes, an ex-employee of Pantera Capital.

Yale’s Endowment Manager sees promise in crypto

While the Ivy League school is busy blazing the trail in the global educational industry, Yale’s highly influential endowment manager, David Swensen has consistently planted the University’s seeds on fertile grounds, making Yale the second largest endowment among educational institutions the world over with an impressive $29.4 billion.

It’s worth noting that even with the crash in the price of bitcoin and other digital assets, Swensen, the highly influential endowment manager who has been at the school since 1985, has shown a strong faith in the burgeoning asset class by pumping Yale’s funds into credible bitcoin-linked funds like Andreessen Horowitz’s a16z crypto.

Also known as Yale’s ‘Warren Buffet’, Swensen reportedly joined the University when its endowment was valued at just $1 billion.

Bitcoin Price to Surge Again?

On September 26, 2018, Blockchain Reporter informed  that Andreessen Horowitz had purchased a six percent stake in the MakerDAO blockchain project, whose Dai stablecoin is set to dethrone Tether (USDT) and others.

At the time of writing, the price of Bitcoin sits comfortably above $6,500. Though still miles away from its impressive all-time-high of nearly $20K reached late last year, with the mounting interest of institutional investors in the cryptocurrency ecosystem, it may be only a matter of time before Bitcoin and many alts moon again.