Arca, Blocktower to merge into unified crypto platform
BlockTower’s venture capital arm, BlockTower Venture Capital, will continue to operate independantly.
Arca and BlockTower Capital agreed to merge into a unified cryptocurrency investment platform, according to a Nov. 13 announcement.
“Investors have been clamoring for regulated digital assets investment offerings for years,” Rayne Steinberg, Arca’s CEO said in a statement.
The merger will help ensure the firms possess “the resources and expertise to effectively manage our current product offerings and broaden our investment options,” Steinberg added.
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Author: Alex O’Donnell
