Trading Begins for New Treasury-Based, SEC-Registered Digital Security
Arca launches Ethereum-based trading for new fund based on shares in U.S. Treasury securities.
Per a July 6 announcement from the firm, Arca has begun trading for its new digitized security, the ArCoin.
The ArCoin runs on the Ethereum blockchain and represents shares in Arcaâ€™s U.S. Treasury Fund, which is registered with the Securities and Exchange Commission and is 80% made up of U.S. Treasury securities.
Arca initially filed to launch the fund in April.
This story will be updated shortly.
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