Express

Arca Launches SEC-Registered Fund Using Blockchain Technology

Emily Mason

Summary: Financial services firm Arca has begun selling shares of its SEC-registered closed-end fund "Arca U.S. Treasury Fund" whose shares trade on the Ethereum blockchain, according to a recent announcement. The milestone marks the first time blockchain will be part of an SEC-registered fund. Arca's shares — ArCoins — went live on Monday, July 6. ArCoins are ...

Financial services firm Arca has begun selling shares of its SEC-registered closed-end fund "Arca U.S. Treasury Fund" whose shares trade on the Ethereum blockchain, according to a recent announcement.

The milestone marks the first time blockchain will be part of an SEC-registered fund. Arca's shares — ArCoins — went live on Monday, July 6. ArCoins are transferred via Ethereum and are characterized as digital securities by the SEC.

Arca CEO Rayne Steinberg stated that the development is an important step towards integrating traditional finance with digital investment products. Arca builds products to help individuals invest in digital assets.

By Emily Mason

Last Update:

Tags: ,,
Link: Arca Launches SEC-Registered Fund Using Blockchain Technology   [Copy]
Next:

Related Articles

  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 23 hours ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 2 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 5 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 6 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 8 days ago

    • You need to login to comment.