• bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
Crypto Currency Bazaar 4u
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home CANADA

Digital Asset Manager Arca Gets $10 Million In A Series A Funding Round

CB4U by CB4U
January 6, 2022
in CANADA
0
Digital Asset Manager Arca Gets $10 Million In A Series A Funding Round
0
SHARES
106
VIEWS
Share on FacebookShare on Twitter

Digital asset manager, Arca, has announced that it has secured a $10 million investment fund to expand its business and kick-start the next phase of its business strategy.

The company plans to bridge the gap between cryptocurrencies and traditional finance and use the Series A funding to achieve that goal.

Improving Digital Services Infrastructure

Arca stated in a press release that the funding round was led by RRE Ventures, a venture capital firm. Important contributors to the funding include Loews Hotels & Co, Alex Tisch, and other financiers headed by Littlebanc Advisors.

Arca wants to use the funds to improve the digital service and infrastructure offerings. The funding will also help the company stay within the regulatory and legal confines of the industry.

Chief executive officer of Arca, Rayne Steinberg, said last year was a watershed year for cryptocurrencies. But Bitcoin was the major reason for the high bullish trend for the crypto sector. The company said the initial rise of Bitcoin led to many other aspects of the digital assets, he reiterated.

He also gave insight into the main challenges of cryptocurrency adoption. Steinberg blamed the lack of speedy cryptocurrency adoption on the β€œconfusing and fractured narrative” surrounding digital assets.

He further explained that high investors from the mainstream need to know what they are investing in before deciding. According to him, consistency and standardization when it comes to crypto education should be taken seriously if the crypto community wants to see the level of adoption it craves.

RRE Ventures Founder to Join Acar’s Board

Founder of RRE Ventures James Robinson will be joining the Arca advisory board to contribute to Acar’s product development and distribution efforts.

Steinberg stated that Series A funding fundraisers understand that crypto asset management has a huge potential and an untapped addressable market. He said they decided to invest with Arca because they have strong confidence in the company to fill the void in the industry.

The investment funds showed that the investors have aligned goals with the firm and trust the company to deliver. Steinberg reiterated,

β€œOur investors recognized Arca’s plan to become the premier branded asset manager in digital assets.”

He echoed these views in the press release. On a similar note, Robinson stated that he has an extensive relationship with Arca and its management team. He added that the long-standing relationship is the main reason he decided to support the project’s company.

He said that RRE Ventures have worked with the management team of Arca for the past 20 years, as they are the pioneers of the revolutionized asset management business. With the team’s level of exposure and experience, Robinson said they trust in the team’s ability to steer future products’ wheels.

Arca offers a wide range of investment products to traditional investors who want to get involved in cryptocurrencies. It offers treasury management and actively managed hedge funds dedicated to cryptocurrency.

The firm will be competing with already established digital asset management firms like Grayscale and Bitwise.

Advertisement Banner
Previous Post

Autonomy’s AutoSwap Brings Limits, Stop Losses and More to BSC DEXs

Next Post

Community Manager: Earn Crypto With Your People Skills

CB4U

CB4U

Next Post
Community Manager: Earn Crypto With Your People Skills

Community Manager: Earn Crypto With Your People Skills

Discussion about this post

RECOMMENDED

Crypto Lender Nexo Terminates Interest Payments on New Deposits From US Clients – Bitcoin News

Crypto Lender Nexo Terminates Interest Payments on New Deposits From US Clients – Bitcoin News

4 months ago
Is Norton 360 Mining Ethereum In Your Computer? If It Is, They’ll Take a 15% Cut

Is Norton 360 Mining Ethereum In Your Computer? If It Is, They’ll Take a 15% Cut

6 months ago

DON'T MISS

Ripple Price Prediction for Today, June 25: XRP Drops Below $0.37

Ripple Price Prediction for Today, June 25: XRP Drops Below $0.37

June 26, 2022
Yuga Labs sues BAYC critic Ryder Ripps over claims of Nazi origins

Yuga Labs sues BAYC critic Ryder Ripps over claims of Nazi origins

June 26, 2022
This Airline Will Accept Crypto Through BitPay

This Bitcoin Bear Market Is Unlike Any Other, Here’s Why

June 26, 2022
BIG CRYPTO NEWS TODAY 🚨 THIS IS BIG! πŸ”₯ TERRA LUNA CLASSIC BURN UPDATE !🚨 πŸ”₯ 🌌 BTC NEWS TODAY πŸŒ›

BIG CRYPTO NEWS TODAY 🚨 THIS IS BIG! πŸ”₯ TERRA LUNA CLASSIC BURN UPDATE !🚨 πŸ”₯ 🌌 BTC NEWS TODAY πŸŒ›

June 26, 2022
Crypto Currency Bazaar 4u

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

Ripple Price Prediction for Today, June 25: XRP Drops Below $0.37

Ripple Price Prediction for Today, June 25: XRP Drops Below $0.37

June 26, 2022
Yuga Labs sues BAYC critic Ryder Ripps over claims of Nazi origins

Yuga Labs sues BAYC critic Ryder Ripps over claims of Nazi origins

June 26, 2022
This Airline Will Accept Crypto Through BitPay

This Bitcoin Bear Market Is Unlike Any Other, Here’s Why

June 26, 2022

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

Β© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

Β© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H