The donation fund of the University of Michigan, currently estimated at about $ 12 billion, is planning further investments in the Andreessen Horowitz A16Z cryptocurrency.

According to the agenda of the meeting of the Trustees of the Fund, published

This week, the University has already invested $ 3 million in the Andreesten Horowitz A16Z cryptocurrency fund in the size of $ 300 million in June 2018 and is currently considering the possibility of further investment. In this case, the exact planned amount of investments was not disclosed.

The agenda of the meeting also says that "as the possibilities associated with cryptocurrency networks become more tangible and clearly defined, the need for a separate thematic foundation can weaken."

Last year Andreessen Horowitz founded

Fund of $ 300 million in size to focus on investing in technological companies related to cryptocurrency, at different stages of development of startups. It is also reported that the Fund has received investments from the University of Yale University donations. Last October, the Foundation for the University of Michigan reached

 $ 12 billion. His chief investment director Eric Lundberg (Erik Lundberg) said that the dynamics was "sufficient to maintain the size and growth of the Fund."

Cumulative and pension funds begin to actively invest in the blockchain industry and cryptocurrency. Literally last week, two state pension funds in the US invested

The Morgan Creek blockchain-fund with a capital of $ 40 million. In addition, representatives of Cambridge Associates - a large consulting firm focused on working with pension funds and targeted funds, stated that institutional investors should pay attention to cryptocurrency assets.