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.
“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.