Digital Asset Financial Institution Group Arca and crypto investment firm BlockTower Capital are interested in merging. According to an announcement released on Wednesday, the two companies have signed a letter of intent for an all-share transaction to reach an all-share transaction. While the respective business units will transition to a unified brand, BlockTower Venture Capital will remain independent.
Arca co-founder and chief investment officer Jeff Dorman pointed out that new investment vehicles are expected to be launched after the merger.
According to venture capital tracker DealRooms, BlockTower Capital has invested in Aptos Labs, Dapper Labs, and Solana, while Arca's portfolio includes Mintify and Bitwave.
Crypto investment firm Arca and BlockTower sign a letter of intent to merge
2024-11-13 22:15:05
Digital asset finance institution arca crypto investment firm blocktower capitaldesk3cryptocurrencydesktopCrypto News
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