Express

Asset Management Company Arca Launches $30 Million Fund To Bet On NFT Space

Mary Liu

Summary: According to a new filing for SEC, the asset management company Arca has launched a $30 million fund dedicated to non-fungible tokens (NFT).  The new fund, named Arca NFT Fund, mainly focuses on digital property, game assets, art and collectibles, and how NFT interacts with decentralized finance (DeFi).  As of the third quarter, Arca's total ...

According to a new filing for SEC, the asset management company Arca has launched a $30 million fund dedicated to non-fungible tokens (NFT). 

The new fund, named Arca NFT Fund, mainly focuses on digital property, game assets, art and collectibles, and how NFT interacts with decentralized finance (DeFi). 

As of the third quarter, Arca's total assets under management were $500 million. The filing shows that as of November 23, the fund has raised $11.4 million from 68 investors. An Arca spokesperson told Coindesk that the fund is only open to existing Arca liquidity providers (LP) and has been oversubscribed. 

By Mary Liu

Last Update:

Tags: ,,
Link: Asset Management Company Arca Launches $30 Million Fund To Bet On NFT Space   [Copy]
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 4 minutes ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • You need to login to comment.