DeFi startup Arch raised $5 million in an oversubscribed seed round co-led by Digital Currency Group and Upload Ventures.
Especially as BlackRockStoraker says Arch will take a different approach by going beyond just Bitcoin and Ethereum to provide investors exposure to the cutting edge of what’s happening in web3.
The team also wants to ensure that the transition of capital from web2 to web3 is as seamless as possible for newcomers to the space.Tapping into the everyday investor Ripio currently has about 3.5 million users, mainly in Argentina and Brazil, a Ripio spokesperson said. Arch is currently built on Ethereum rails. Primarily because it’s an order of magnitude greater than any other ecosystem, Storaker said.Offering tokenized products to the average investor does, however, create challenges.that he believes “most crypto tokens are securities” and that many intermediaries need to register with the SEC,"whether they call themselves centralized or decentralized.”
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