Morgan Creek Digital has recently announced that it will be investing in Ikigai Asset Management’s flagship fund.
This fund focuses on the execution of systematic and fundamental liquid hedge fund strategies. They also offer opportunistic venture-stage crypto investments. The information was released by the companies in a press release.
Morgan Creek Invests in Ikigai Asset Management
Morgan Creek Digital is a company that was founded by Mark Yusko, Jason A. Williams and Anthony Pompliano. The firm raised several million and it is the only blockchain venture fund that received investments from public pension funds.
Today we announced that Morgan Creek Digital has become the lead anchor investor in Ikigai Asset Management.
— Pomp 🌪 (@APompliano) March 21, 2019
Morgan Creek has also invested in other companies such as Coinbase, Bakkt or Harbor. About the investment, Anthony Pompliano commented:
“Ikigai has built an impressive platform for understanding the evolution of, and investing in, crypto assets. We believe they are well-positioned to capture the outstanding returns this asset class will bring in the years to come.”
According to Travis Kling, Ikigai Chief Investment Officer, Distributed Ledger Technology (DLT) and cryptocurrencies are changing the world. Now, they will be working side by side with Ikigai in order to leverage blockchain technology and digital currencies.
Both companies believe that virtual currencies and digital assets will be an alternative and viable replacement to fiat currencies. Travis Kling wrote that when there will be books written about virtual currencies, the dovish nature of the Federal Reserve of the United States (FED) will be a “big part of the story.”
He indeed mentioned that cryptocurrencies will be valued at trillions of dollars.
Not gonna stop banging this drum.
When the books are written about crypto years from now when the asset class is valued at $tn’s, this move by the Fed and other moves like it from central banks globally will be a big part of the story.https://t.co/8Mp05FpRJu
— Travis Kling (@Travis_Kling) March 20, 2019
In the future, there could be new investments processed by firms and institutions and in the crypto market.
There are several businesses that are building the necessary infrastructure in order to offer services to institutions and traditional investors.