Advertisement
New Zealand markets open in 9 hours 47 minutes

  • NZX 50

    11,496.61
    +33.11 (+0.29%)
     

  • NZD/USD

    0.6150
    +0.0008 (+0.14%)
     

  • ALL ORDS

    7,384.70
    -2.00 (-0.03%)
     

  • OIL

    70.08
    +0.70 (+1.01%)
     

  • GOLD

    2,050.90
    +3.00 (+0.15%)
     

Digital Asset Manager Arca Raises $10M

Tanzeel Akhtar
·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

Related Stories