Digital Asset Manager Arca Raises $10M

Digital Asset Manager Arca Raises $10M

Asset management firm Arca has announced Wednesday the closure of a $10 million Series A round of funding led by RRE Ventures. Read more: Arca Labs Launches Ethereum-Based SEC-Registered Fund


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Arca secures $10M in Series A funding as traditional financiers back crypto

Arca will use the funding to beef up its infrastructure and expand its crypto asset-class offerings. Arca, an emerging digital-asset manager, has secured $10 million in Series A funding to bootstrap the next phase of its business strategy — one that could bridge the gap between traditional finance and cryptocurrencies. In a Wednesday press release, Arca said the funding round was led by venture capital firm RRE Ventures, with key contributions from Alex Tisch, president of Loews Hotels & Co, and a “coalition of financiers led by Littlebanc Advisors.”Arca sai it will use the funding to....

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Leading crypto-asset fund manager Grayscale just recorded a massive milestone to its Twitter. This comes as the leading cryptocurrency Bitcoin, along with Ethereum and smaller altcoins, have erupted higher in the past 24 hours. Bitcoin traded as high as $17,850 on Tuesday, nearing its all-time high price closer to $20,000. Related Reading: Here’s Why Ethereum’s […]