Trading Begins for New Treasury-Based, SEC-Registered Digital Security
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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 Arca’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.