Investment firm Arca raises $10 million in Series A funding

The digital asset-focused investment firm Arca received $10 million in Series A funding.

The round was led by RRE Ventures and included participants such as Loews Hotels & Co. president Alex Tisch. James Robinson, RRE's founder, has joined Arca's advisory board as part of the deal.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

“We seek to create bespoke opportunities for investors, and the digital asset revolution may be one of the best examples of that in the current and future market environment,” said Michael Margolies, CEO of Littlebanc Advisors, in a statement published today. “We believe Arca’s experienced team will continue helping sophisticated investors enter and navigate this new financial landscape with confidence.”

The funding comes months after Arca officially registered a U.S. Treasury-focused fund — one involving a token for stakeholders — with the U.S. Securities and Exchange Commission after a two-year process, as previously reported by The Block. Shares for Arca U.S. Treasury Fund are issued in the form of so-called ArCoins.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.