Digital-asset manager
The two firms are similar in size, but the combined entity will be managed by Arca’s leadership team, according to the companies. BlockTower’s flagship fund, which invests in liquid cryptocurrencies, and another targeting real-world credit assets and traditional asset-backed securities will become part of Arca, while BlockTower’s venture capital vehicle will be spun out. The all-equity deal is expected to close by year-end.
The merger is “an easier way of upgrading the ...
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