Morgan Creek Digital has agreed to invest in OpenFinance Network, an alternative asset trading platform for tokenized securities. Additionally, they introduced Anthony Pompliano as the newest member of its advisory committee and investor roster.
Morgan Creek Digital is a leading crypto asset manager for institutional investors and controls more than $1 billion in assets. The multi-strategy investment firm serves as a gateway for the world’s top pension funds, endowments, foundations, sovereign wealth funds, and family offices to gain risk-adjusted exposure to blockchain and crypto markets. Morgan Creek Digital was founded by Mark Yusko, Jason Williams & Anthony Pompliano, and is backed by Morgan Creek Capital, a multi-billion dollar asset manager based in the US.
Pompliano is expected to bring his experience as founder and partner at Morgan Creek Digital Assets to OFN’s mission to improve transparency and efficiency in alternative asset trading. On his role as advisor and investor at OFN, Pompliano says,
“Morgan Creek Digital is excited to partner with OpenFinance Network as they build out important infrastructure to empower transactions of digital securities. The team has been working on regulated exchange solutions for many years and has a distinct first mover advantage. Future transactions of regulated securities won't be based on legacy infrastructure, but rather, will be digitally native.”
OpenFinance Network is a trading and settlement platform for the alternative asset industry. The platform serves as a conduit between issuers, investors, and industry stakeholders, offering streamlined access to liquidity and asset transfer efficiencies.
The team has over fifty years of combined experience in financial markets, exchange technology, and finance law and has operated together since 2014. Having been a trusted player in the alternative asset industry since 2014, OFN is a pioneer in developing distributed ledger technology for improving systems of alternative asset trading.