Virginia Pension Fund Invests in Crypto Lending in Bid to Boost Returns

Aug 04,2022
KingData News: A $6.8bn Virginia pension fund is looking to boost its returns by investing in crypto lending markets despite a crisis in the sector that has pushed several companies into bankruptcy and left retail investors with heavy losses. The Fairfax County Retirement Systems recently gained approval from its board of trustees to begin investing in “yield farming” in which investors lend out their digital tokens to crypto projects in return for a fixed stream of payments.
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