Crypto Investment Management Firm Arca Adds Jerald David To Executive Teambr>
Investment management firm Arca has announced that Jerald David has joined as President of Arca Capital Management.
Arca is a full-service investment management firm building and managing institutional-caliber digital assets products so that any type of investor can find the right product(s) to gain exposure to digital assets. These investment vehicles are distributed through an asset management division that invests in crypto as an asset class and a product innovation division that leverages blockchain technology to develop new investment products.
Prior to joining Arca, David served as chief operating officer for the crypto derivatives exchange EMX. He also held the same position at FinTech startup T-Rex and served as chief business development officer at Options City Software. Additional roles include managing director and chief administrative officer at the carbon exchange GreenX (purchased by CME Group); director of alliance and venture management at CME Group; chief business development officer at the Dubai Mercantile Exchange (also part of CME Group), where he was part of the team that launch the venue; and nine years at the New York Mercantile Exchange, where served as vice president.
As President of Arca Capital Management, David will oversee a new division of Arca focused on building fully regulated, tokenized investment products that utilize blockchain technology. The first of these products is the ArCoin Treasury Token, a Blockchain Traded Fund (BTF) that closes the gap between payments and investments and is the natural evolution of exchange traded funds (ETFs) and mutual funds. David will also lead business development efforts, oversee product development, forge strategic partnerships, liaise with global regulators and champion investor education.
“Jerry is the perfect person to lead this business as we bring to market an entirely new asset class,” said Rayne Steinberg, CEO of Arca. “His strong leadership skills and experience building financial infrastructure and products from the ground up only serve to further bolster our already strong team. We’re thrilled to have him with us.”
“I am excited to be joining Arca to lead this bold new initiative. The ArCoin Treasury Token is a unique offering that has the potential to revolutionize many markets,” David said. “The firm has an unparalleled team and business model that uniquely positions us to quickly establish ourselves as the leading financial services firm in the digital asset space.”