*By Jacqueline Corba*
The hedge fund Morgan Creek is betting on the power of blockchain to digitize company equity.
The fund's blockchain group is focused on converting traditional paper equity into tokens. This can create a more open free market for investors, and can help regulators, said Anthony Pompliano, a partner at Morgan Creek Blockchain Capital.
"The blockchain actually manages not only the equity or the capital stack but also all transactions with that equity," he said in an interview with Cheddar.
Morgan Creek Capital Management will invest $500 million in blockchain technology. The hedge fund [acquired Pompliano's Full Tilt Capital](https://www.bloomberg.com/news/articles/2018-03-27/morgan-creek-acquires-full-tilt-capital-for-blockchain-push) in March, two months after Full Tilt went all in on cryptocurrency.
"In the digital world what ends up happening is the protocol in which these transactions are happening has the rules written into them, so the rules are written in software and would not let me make a non compliant trade," Pompliano said. "We actually think that the regulators, at some point in the future, are going to mandate that every company in the world tokenizes their equity."
For the full interview, [click here](https://cheddar.com/videos/why-hedge-funds-are-betting-big-on-blockchain).
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
After years of treating President Donald Trump’s inflammatory rhetoric with a light touch, Facebook and Instagram are silencing his social media accounts for the rest of his presidency.
The newly formed Alphabet Workers Union is looking to bring back the days in Google's company culture when workers were lauded for dissent on ethical and moral grounds.
This crowdfunded accessory is lightweight, durable, and attaches to any laptop, so you can work with two screens from anywhere (and it's on sale).
Apple is planning to ask users to opt into allowing companies to use their mobile IDs, known as IDFA or identifier for advertisers. But what will this mean for the future of marketing?
This highly-rated storage service is coveted for being six times faster than Amazon storage, not to mention reliable and extremely easy to use.
SocialFlow tracked clicks per million residents on runoff-related stories in the two weeks leading up to the election, which will ultimately decide which political party will control the Senate.
The award-winning streaming library features thousands of top documentaries covering myriad topics, including history, nature, science, lifestyle and more.
A group of Google engineers announced Monday they have formed a union, creating a rare foothold for the labor movement in the tech industry.
Cheddar takes a look back at 2020's biggest mergers and acquisitions.
