According to sources familiar with the matter, a number of Ivy League universities including the University of Michigan, Brown, Yale, and Harvard endowments have been discreetly purchasing cryptocurrencies. The prominent schools have been reportedly leveraging exchanges like Coinbase and other trading platforms.
Prominent university endowments have been quietly purchasing digital currencies according to a report written by the financial columnist Ian Allison. The reporters detailed that “two sources” have explained that a number of well known colleges have been purchasing digital currencies from specific exchanges like Coinbase.
The report notes that university endowments from schools such as Brown, the University of Michigan, Harvard, and Yale have been buying crypto-assets quietly.
Allison details that his sources say that “there are quite a few” university endowment programs doing this and “a lot of endowments are allocating a little bit to crypto at the moment.” The sources also…