LPs Bless Bessemer’s Move Into Crypto Investing

Institutional investors are throwing their weight behind the crypto-tokens craze.

Bessemer Venture Partners has received approval from its limited partners to use its fund to buy digital currencies directly, according to a person familiar with the situation.

The move comes as Union Square Ventures and other big venture firms, open up to using their funds to buy crypto-tokens, while their institutional backers give managers…

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