Crypto giants Arca and BlockTower merge into one crypto management leader

Arca and BlockTower, two leading firms in the digital asset management space, have announced plans to merge in an all-equity deal.

According to the joint press release, the merger will create a combined entity offering regulated, institutional-grade crypto investment products to a growing market. The two companies signed a Letter of Intent and plan to combine their operations under a single brand.

BlockTower’s venture capital unit will remain independent.

The merger addresses the growing demand for digital assets in a regulated investment environment. Arca CEO Rayne Steinberg stated via press release that combining the firms will enable them to offer products that comply with regulatory standards, which is a priority for investors seeking safer ways to access digital assets.

Financial institutions are embracing crypto

Digital asset management involves overseeing investments in cryptocurrencies and blockchain-related assets, offering both individual and institutional investors opportunities to explore this emerging sector.

Companies like Arca and BlockTower offer specialized funds in this area managed by people with solid Wall Street backgrounds.

By teaming up and pooling their resources, these companies aim to create stronger products and navigate the ever-evolving crypto world with confidence.

“Competing in the maturing digital assets space and serving our investors requires a constant scramble for top talent. “We are excited to immediately create a stronger investment team by merging with Arca.”

Ari Paul, BlockTower Co-Founder and Chief Investment Officer

Once the merger is complete, the combined firm will focus on providing investment options that blend the growth potential of digital assets with the security of institutional-grade standards.