Arca Introduces Alternatives for Finance Industry

July 06, 2020

From cannabis, to governments and everywhere in between, blockchain is finding its way in the modern technology landscape. The peculating prospect this up-and-coming technology provides is bubbling to the fore, today marking a first in finance.

Today, Arca announced the first product registered under the Investment Company Act of 1940 to provide shares as digital securities. The Arca U.S. Treasury Fund, a SEC-registered closed end fund, is now available for investment in the form of ArCoin.

ArCoin enables shareholders to transfer directly via blockchain technology, opening the door to an expanded ecosystem of digital products. Developed by Arca Labs, ArCoin is built on the Ethereum blockchain, and offers financial firms a means to avoid banking bottlenecks in treasury management, lending, payments as well as clearing and settlement.

"Our announcement today is a ground-breaking and transformative step toward the unification of traditional finance with digital asset investing as this new category of regulated, digital investment products is made available to investors," said Rayne Steinberg, chief executive officer of Arca. "It is truly exciting to be pioneering new digital investment products through our Arca Labs division that marry best practices used in traditional finance with the many potential benefits of digital and blockchain technology—this is the next stage of development for the digital ecosystem."

Promising protections and transparency, those curious about investing in the Arca U.S. Treasury Fund can visit to take a deeper dive into the digital product.

What can blockchain do for your business?

Edited by Maurice Nagle



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