*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.
The porn industry in 2020 has come under scrutiny from media and politicians alike. Cheddar's Nora Ali takes a deep dive.
Weedmaps, a cannabis review site and software company, announced Thursday that it has agreed to go public through a merger with a special purpose acquisition company (SPAC).
Johanna Faries, a vice president at gaming company Activision Blizzard and commissioner of Call of Duty League, joined Cheddar to discuss esports in the era of the pandemic.
Several states along with the Federal Trade Commission have launched lawsuits against Facebook for snuffing out competition through acquisitions. Cheddar's Michelle Castillo reports.
Stockton, California Mayor Michael Tubbs, started a pilot UBI program in 2019 that just got a big boost in funding from Twitter CEO Jack Dorsey.
Airbnb shares more than doubled in price as the home sharing company made its debut Thursday on the Nasdaq stock exchange.
Make a gamer's day with the hottest accessories, subscriptions and consoles of the holiday season.
Kevin Noertker, Ampaire CEO, joined Cheddar to discuss how the company's aircraft can help reduce cost and carbon impact in aviation's future.
Connecticut Attorney General William Tong joined Cheddar to discuss the multi-state antitrust lawsuit against the social media giant Facebook even as the FTC filed its own legal action.
