(Opalesque) Los Angeles-based Arca Funds has launched with the goal of helping to institutionalize digital tokens and cryptocurrencies. Arca Funds is the work of Steven McClurg, a director at Guggenheim Partners; Rayne Steinberg, co-founder of Wisdom Tree and Jeff Dorman, who was most recently COO at Harvest Exchange.The goal of Arca Funds is to give institutions a way to invest in cryptocurrencies including select digital tokens. The team at Arca Funds claims that it has developed a bottom-up analysis process that identifies sound digital coins as well as digital tokens that are affiliated with verifiable projects.
Opalesque Exclusive: Arca Funds aims to institutionalize tokens with new fund
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