Categories: FintTech

Virginia Pension Fund Aims To Boost Its Returns Using Yield Farming

  • The Fairfax County Retirement Systems will invest in yield farming schemes.
  • Chief investment officer Katherine Molnar spoke about the strategy in an interview.
  • The regulatory landscape in the U.S. is changing, and with that, more incumbent institutions may warm up to crypto.

The Fairfax County Retirement Systems, a pension fund in the state of Virginia, will invest in yield farming schemes in a bid to boost returns in its fund. Chief investment officer of the Fairfax County Police Officers Retirement System Katherine Molnar said that some of the yields are really attractive, among other things.

The Fairfax County Retirement Systems decided to add crypto as part of its portfolio in May 2022. It has also invested in blockchain before, through the Morgan Creek Blockchain Opportunities Fund. Fairfax’s crypto holdings amount to more than 8% of its portfolio.

Regarding the technology and its potential, Molnar seemed keen, saying,

“For those that are still willing to provide liquidity, decent profit seekers, they’re actually able to earn more attractive yields at the moment…we were at a conference and we heard an academic who teaches a course on the topic speak. We were really intrigued by the promise of the technology and its products.”

The overall impression that Molnar and others gave was one of hope. Molnar believes that “things will bounce back and the stronger technologies will probably survive.”

This is yet another milestone for the crypto market, which has seen a lot of ups and down in recent months. The fact that a pension fund is investing in the crypto lending space after the recent fallouts of major players is a strong sign of conviction in the market.

Crypto Marches Forward Despite Hiccups

The crypto market has endured a lot over the past few months, but that hasn’t stopped it from marching on in its path towards global adoption. The DeFi market continues to grow, and more countries are beginning to recognize the asset class as a legitimate one.

With that comes certain changes, like regulation, which in the short term may cause some pain. With the fall of UST, stablecoins, in particular, have come under the radar of authorities.

The United States is set to regulate the crypto market by 2023 latest, while others like Brazil are already well on their way. Regulation is not inevitable, but the current sentiment seems to be one of acceptance, as opposed to draconian clampdowns.

Ryan Helton

A Stock enthusiast since childhood, Ryan is known for his impeccable knowledge in the technology and gadgets niche. He has been working with eTrendy Stock as a contributor for most stock category and his articles are always well-researched and accurate.

Share
Published by
Ryan Helton

Recent Posts

Sony Electronics Singapore Now Accepts USDC Payments via Crypto.com

Sony Electronics Singapore is now accepting payments in USD Coin (USDC) on its online store,…

6 hours ago

<div>Delta Exchange: Pioneering INR-Settled Crypto F&O Trading in India</div>

In the last three months of the year, trading volumes for cryptocurrencies like Bitcoin and…

2 days ago

Pi Network’s Token Sheds 75% in Three Months as Skepticism Grows

The Pi Network (PI) has plummeted over 75% in the past three months, collapsing from…

2 days ago

Chummy Tees Review Rising Trends in the Funny T-Shirt Industry

Sonora, California, 30th March 2025, ZEX PR WIRE, As humor continues to shape popular culture,…

3 days ago

UBX Powers UBC’s 15x Surge: AI and DePIN Innovation Reshaping Crypto Investments

Singapore, 30th March 2025, ZEX PR WIRE, Recently, the native token UBC issued by the…

3 days ago

Tether Eyes U.S. Stablecoin Launch Amid Regulatory Tailwinds

Tether is weighing a crucial entry into the U.S. domestic stablecoin market as CEO Paolo…

5 days ago