PANews reported on November 14 that according to The Block, digital asset financial institution Arca and crypto investment company BlockTower Capital intend to merge. The two companies signed a letter of intent for an all-equity transaction. Although their respective business units will transition to a unified brand, BlockTower Venture Capital will remain independent. Arca co-founder and chief investment officer Jeff Dorman pointed out that new investment tools are expected to emerge after the merger.

Data shows that BlockTower Capital has invested in well-known projects such as AptosLabs, DapperLabs and Solana, while Arca's investment portfolio includes Mintify and Bitwave.