Blockchain-Enabled U.S. Sovereign Wealth Fund: Funding Constraints, Regulatory Barriers, and Portfolio Implications

I’m delighted to share that my new research paper, “A Blockchain-Enabled U.S. Sovereign Wealth Fund: Funding Constraints, Regulatory Barriers, and Portfolio Implications,” has been published in the Review of Corporate Finance (Emerald Publishing).

Could blockchain change the way governments manage public wealth?

We often associate blockchain with cryptocurrencies, but its implications for public finance, institutional investment and governance deserve just as much attention.

In this paper, I examine whether blockchain technology could support the development of a U.S. sovereign wealth fund, considering funding constraints, regulatory uncertainty and portfolio performance.

The findings suggest that Ethereum-based allocations could improve risk-adjusted performance, although these benefits depend heavily on regulatory clarity. Bitcoin's volatility, meanwhile, presents significant challenges for sovereign investment.

The broader message? Technology alone cannot solve institutional problems. Effective financial innovation requires credible governance, regulatory stability and sound economic foundations.

I would like to express my sincere appreciation to the editorial team of the Review of Corporate Finance (RCF), particularly Professor Douglas Cumming and Professor Silvio Vismara, for their support throughout the publication process. I am equally grateful to the anonymous reviewers for their valuable and constructive feedback, and to the Emerald Publishing team for their assistance in bringing this research to publication.

It has been a rewarding journey, and I am pleased to see this work contribute to the ongoing debate on sovereign investment and digital finance.

📖 Read the paper: https://lnkd.in/eDbCicCr

I would be interested to hear your thoughts. Could blockchain become part of the future of sovereign wealth fund governance?

#SovereignWealthFunds #Blockchain #FinTech #CorporateFinance #DigitalFinance #FinancialInnovation #UniversityOfExeter