Arca and BlockTower are merging in an all-equity deal, aiming to create a ‘one-stop shop for sophisticated investors.’ Arca CEO Rayne Steinberg noted the urgency of the merger due to the fast-paced nature of the crypto sector, with the deal expected to close by year-end. The merger retains BlockTower’s talent under one umbrella, with Steinberg leading the new entity and Jeff Dorman as chief investment officer. Steinberg highlighted that current regulatory conditions present opportunities for the token market, which has been limited in offering value propositions. He expressed optimism about attracting both traditional and activist investors as regulatory clarity improves, potentially leading to industry consolidation and better governance in decentralized autonomous organizations (DAOs). The overarching goal is to navigate the evolving landscape while serving as a steward for the crypto industry.

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