Crypto giants Arca and BlockTower merge into one crypto management leader
Arca and BlockTower, two leading firms in digital asset management, announced their plans to merge in an all-equity deal.
Per a joint press release, the merger will create a combined entity that delivers regulated, institutional-grade crypto investment products to a growing market. The two firms have signed a Letter of Intent and plan to consolidate their operations under one brand.
BlockTower’s venture capital unit will remain independent.
The merger addresses the increasing demand for digital assets within a regulated investment environment. Rayne Steinberg, CEO at Arca, noted via the press release that uniting the firms will enable them to provide products that adhere to regulatory standards, a priority…
