Digital asset financial institution Arca has signed a letter of intent to merge with BlockTower

ChainCatcher news, according to The Block, digital asset financial institution Arca and crypto investment firm BlockTower Capital intend to merge. The two companies have signed a letter of intent for an all-stock transaction. While their respective business units will transition to a unified brand, BlockTower Venture Capital will remain independent.

Data shows that BlockTower Capital has invested in well-known projects such as Aptos Labs, Dapper Labs, and Solana, while Arca's portfolio includes Mintify and Bitwave.