MoFo News Item

MoFo Represents Arca in First Registered Fund to Issue Digital Securities

06 Jul 2020

MoFo successfully represented digital asset investment firm Arca in obtaining SEC registration for a closed-end fund that issues only digital securities. Arca U.S. Treasury Fund is the first fund registered under the Investment Company Act of 1940 to offer its shares as digital securities, called “ArCoin.” Shareholders can directly transfer ArCoin using blockchain technology, broadening the use cases within the digital ecosystem.

Arca is an innovative digital asset investment firm that blends traditional finance with cutting edge blockchain technology. Arca U.S. Treasury Fund and ArCoin seek to combine the regulatory standards applicable to an SEC-registered closed-end fund with the efficiencies of blockchain technology.

The MoFo team that represented Arca was led by Investment Management Vice Chair Kelley Howes and Chair Susan Gault-Brown, assisted by associates Dylan Naughton and Kristofer Readling.

Read the company’s press release.

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