Country’s largest iwi group has yet to settle with the Crown. The Crown has established an investment fund for the country's largest iwi to house assets obtained in Treaty of Waitangi negotiations. The first of its kind fund has initial capital of $150 million given by the government, and part of its annual revenue will be used for grants to ngā hapū me ngā uri o Ngāpuhi (Ngāpuhi) for social development and building governance capability. The Ngāpuhi Investment Fund Ltd was formally constituted in December 2020 as a Crown-owned company under Schdule 4A of the Public Finance Act and will trade under the name Tupu Tonu – which translates as ‘prosperity in