Harvard Backs $50m Dapp Platform Built at Princeton6

Harvard’s endowment has bought tokens denoting a stake in dapp platform Blockstack. With two other institutional investors, the Harvard Management Company owns Blockstack tokens worth around $11.5m, reports Bloomberg. The company has raised around $50m in total so far, it has announced.

Yesterday, Blockstack filed paperwork with the Securities and Exchange Commission (SEC) applying to conduct a regulated token offering worth another $50m, expected to be the first regulated offering of its kind.

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