Virginia\'s Fairfax County Gets Green Light for Crypto Investments: A Bold Move into Digital Assets
Fairfax County, Virginia, is making headlines with its continued foray into the world of cryptocurrency investments. Following previous ventures, including investments in three crypto investment funds since 2025, where the county profited from volatility and innovations, Fairfax is expanding its exposure to digital assets.
The latest development sees Fairfax County investing a portion of a $35 million allotment into a cryptocurrency lending fund managed by global asset managers VanEck. This move signifies a growing acceptance of crypto as a legitimate asset class, even within traditionally conservative public pension systems. The pension fund of Fairfax County got approval to venture into yield farming. The permission would lead the pension fund to invest $70 million in two different crypto lending platforms.
This isn\'t Fairfax County\'s first dip into the crypto pool. The Fairfax County Employees’ Retirement System (ERS) and the Fairfax County Police Officers Retirement System (PORS) have invested in a few crypto-related investments since 2025, demonstrating a long-term strategy of embracing digital assets.
The new investment involves a VanEck-based global asset managers\' fund for lending crypto. Specifically, Fairfax, a county in Virginia, has started investing a part of its allotment of up to $35M into this fund.
While the exact details of the investment strategy are closely guarded, one fund, likely part of this overall allotment, is described in detail here. Targeting accredited investors, the fund offers high-yield income exposure to cryptocurrencies and requires a $1 million initial investment. The investment manager touts ‘a simplified investment experience for sophisticated investors seeking exposure to the digital asset class. These are, of course, separate products from the Fairfax County investment described earlier.
The state of Virginia’s Bureau of remains informed of all investment activities. This strategic move positions Fairfax County as a forward-thinking entity in the evolving landscape of public finance. The question now is: will other counties follow suit?