Share this article
Digital Asset Manager Arca Raises $10M
Updated Sep 14, 2021, 10:55 a.m. Published Jan 13, 2021, 4:51 p.m. 1 min read
Asset management firm Arca has announced Wednesday the closure of a $10 million Series A round of funding led by RRE Ventures.
- In an announcement, the company said it will use the funding to continue to prioritize creating the infrastructure and navigate the legal and regulatory footing needed to offer better products.
- Funding was led by RRE Ventures with Alex Tisch, the president of Loews Hotels & Co, and a group of financiers led by Littlebanc Advisors also participating.
- Going forward, James Robinson, founder of RRE Ventures will join Arca’s advisory board and will contribute to Arca’s product development and distribution efforts.
Read more: Arca Labs Launches Ethereum-Based SEC-Registered Fund
More For You
"An Agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries," wrote President Trump late Saturday afternoon.
What to know:
- Down sharply earlier Saturday, bitcoin moved to gains on the day after President Trump announced a peace agreement with Iran and other Middle Eastern countries.
- As part of the deal, Trump said, the Strait of Hormuz will be reopened.
Top Stories
