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American financial holding plans to raise half a billion dollars in cryptocurrency operations and block projects



Morgan Creek Capital reported on raising $ 500 million in a crypto currency hedge fund.



30.Mar.18 4:38 AM
By John M Jeffcoat
Photo Toinnov.com

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American financial holding plans to raise half a billion dollars in cryptocurrency operations and block projects

Information portal bits.media with reference to an official statement said that the American financial corporation Morgan Creek Capital intends to invest half a billion dollars in a new hedge fund that will deal exclusively with cryptocurrency operations and innovative block-programs.

 The head of the corporation Mark Yusko says that his company will pay much attention to the issues of the blockade because it considers it to be the advanced technology of the modern economy, which opens almost unlimited opportunities for investment. Recall that Morgan Creek Capital in its work focuses specifically on work in the field of investment. To implement the project, Morgan Creek acquired the venture company Full Tilt Capital, whose activities are crypto-investment. The main tasks of the new company will be: tokenization of real estate, investment in debt obligations and much more.

In the future, the management of the financial giant plans to increase the total volume of assets under its management, at least four times. This will allow the new hedge fund to become one of the largest on the world's crypto currency market.




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