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Jerald David joins Arca Capital Management Investment Firm

Rayne Steinberg
Oct 17, 2019

We are thrilled to announce CME veteran Jerald David has joined us as president of Arca Capital Management Investment Firm, a new division of Arca dedicated to building fully regulated investment products on the blockchain.

 

Creating Digital Asset Management Products

Arca was launched in 2018 with the mission to create institutional-grade digital asset management products so that investors could get exposure to digital assets and benefit from blockchain technology. Over the past year, we have made tremendous strides that have progressed alongside the overall maturation in the broader blockchain industry. Our company is growing as well, with offices in New York and Los Angeles. After a thorough search for the perfect candidate to bring Arca Capital Management into being, Jerald was the only one that checked all the boxes.

 

We have been working on our flagship product since late 2018 when we filed our application for the ArCoin Treasury Token with the SEC. This investment vehicle will be the first of its kind, a Blockchain Traded Fund (BTF) that tokenizes short-duration US Treasury bonds. This structure helps collapse the space between payment and investment vehicles, while still adhering to current regulations and providing investors the highest level of protection. At Arca, we feel these are the steps that need to occur for institutions to start to use blockchain in practical applications.

 

We have already identified use-cases and demand for ArCoin as an on-ramp for institutions to get exposure to digital assets, a new payment mechanism, and a novel investment vehicle for numerous applications. It’s a revolutionary new product, and it needs to be led by a seasoned executive who understands both traditional and digital finance, and has experience bringing complex projects from the drawing board to reality.

 

Arca’s founding team all have roots in the traditional financial industry. Jerry continues and expands on this. His experience building, launching and participating on the executive team of both the Dubai Mercantile Exchange and GreenX, the London based carbon exchange, made him uniquely suited for this role. Furthermore, his time as COO at the cryptocurrency derivatives exchange EMX, nine years at the New York Mercantile Exchange, and time as director of venture and alliance management at CME Group bring a level of experience and industry knowledge that make Arca and our industry better.

 

Jerry is one of the brightest, most creative and hard-working people I’ve ever met. After the first time I spoke with him, I knew he was the perfect fit for this role. We’re proud to have a leader of his pedigree to oversee the various strategic relationships we’ve forged, and the market research he’s leading has already uncovered use cases we hadn’t yet even considered.

 

We hope to have good news regarding the ArCoin Treasury Token BTF in the coming months, but for now please join me in welcoming Jerry to Arca. Also keep an eye out for him in both the press and on our company blog, where he’ll be able to share his valuable insights and experiences with all of you.

 

Best,
Rayne Signature
Rayne Steinberg, CEO 
 
 
To learn more or talk to us about investing in digital assets and cryptocurrency
call us now at (424) 289-8068.
 

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Disclaimer: This commentary is provided as general information only and is in no way intended as investment advice, investment research, a research report or a recommendation. Any decision to invest or take any other action with respect to the securities discussed in this commentary may involve risks not discussed herein and such decisions should not be based solely on the information contained in this document.

Statements in this communication may include forward-looking information and/or may be based on various assumptions. The forward-looking statements and other views or opinions expressed herein are made as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated and there is no guarantee that any particular outcome will come to pass. The statements made herein are subject to change at any time. Arca Funds disclaims any obligation to update or revise any statements or views expressed herein.

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©2018 by Arca Funds Past performance is not indicative of future results. Investors should carefully consider the investment objectives, risks, charges and expenses of Arca "(The "Funds"). This ad other important information about the Funds are in the respective Fund's offering documents which can be obtained by entering Arca Private Investor Portal. All of the offering documents should be read carefully before investing. Disclaimer: This commentary is provided as general information only and is in no way intended as investment advice, investment research, a research report or a recommendation. Any decision to invest or take any other action with respect to the securities discussed in this commentary may involve risks not discussed herein and such decisions should not be based solely on the information contained in this document.