Yale University may offer fewer than half the blockchain-based courses of its Ivy League peer Cornell (though on par with Columbia University), but with a recently announced new investment, the 321-year-old school is about to propel its blockchain research. Yale comes in at TK on CoinDesk’s Best Universities for Blockchain 2022.

The layer 1 blockchain company Algorand Foundation recently announced a five-year grant of $5.75 million to Yale, one of 10 recipients of its Algorand Centers of Excellence program. Yale’s partnership with the Singapore-based company will fund PAVE, the Center for Privacy, Accountability, Verification and Economics of Blockchain Systems.

The Yale-led project was selected from a pool of over 70 proposals and will focus primarily on multi-disciplinary research in the areas of blockchain and cryptocurrency. The grant will also be used to develop college courses and fund student-led organizations, while also aiming to develop a communal decentralized database.

PAVE’s “players,” or computer scientists, will include researchers from Columbia University, the City College of New York and others.

The center will focus on five key areas – blockchain design, security, the economy, regulation and, more broadly, courses that focus on cryptocurrency.

Yale will find an outstanding resource for research talent among its student body. The university’s student-led Blockchain Club, to date, has over 500 members.