Virginia Fairfax County Commits $35M to Van Eck Crypto Lending Fund
Fairfax County continues its cryptocurrency investment efforts through the VanEck crypto lending fund, exploring the world of yield farming through the asset manager.
New
Virginia Fairfax County has begun investing part of a $35 million allocation in a cryptocurrency lending fund managed by global asset managers VanEck.
The company announced that it had received a first tranche of the Fairfax County Investment Commitment, which allocates funds from two retirement systems to a variety of crypto-focused investment avenues. currency.
Fairfax County has previously hinted that it will delve into the yield farming world of decentralized finance (DeFi) as part of its progressive stance toward the cryptocurrency space. The county began investing a small portion of the assets of its employee pension system and police pension in various cryptocurrency companies and ventures starting in 2018.
Related: Amid Crypto Bear Market, Institutional Investors Are Seizing Bitcoin: CoinShares
As Fairfax continues to diversify its cryptocurrency investment strategy, its foray into the world of DeFi has officially begun with its investment...
Fairfax County continues its cryptocurrency investment efforts through the VanEck crypto lending fund, exploring the world of yield farming through the asset manager.
New
Virginia Fairfax County has begun investing part of a $35 million allocation in a cryptocurrency lending fund managed by global asset managers VanEck.
The company announced that it had received a first tranche of the Fairfax County Investment Commitment, which allocates funds from two retirement systems to a variety of crypto-focused investment avenues. currency.
Fairfax County has previously hinted that it will delve into the yield farming world of decentralized finance (DeFi) as part of its progressive stance toward the cryptocurrency space. The county began investing a small portion of the assets of its employee pension system and police pension in various cryptocurrency companies and ventures starting in 2018.
Related: Amid Crypto Bear Market, Institutional Investors Are Seizing Bitcoin: CoinShares
As Fairfax continues to diversify its cryptocurrency investment strategy, its foray into the world of DeFi has officially begun with its investment...
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