Digital asset management firm primarily focused on blockchain, (stellar-arringtoncapital.digital) Issuser Address: GA5M3DQC3CRX4BHESH55IUIIWFU3EGUIRCHARMTPGEWUT6LCZLTPJHSU ICO On 08/08/2023 CB:8,000%
Arrington (Capital) is a digital asset management firm primarily focused on blockchain-based capital markets. The firm, founded in 2017 by TechCrunch and CrunchBase founder Michael Arrington and TechCrunch CEO Heather Harde, has over $1 billion under management and has invested in hundreds of startups across the world. Arrington Capital is a seasoned, international team composed of Silicon Valley veterans and operators with deep venture capital experience and crypto native roots
Its best known funds are:
- $100 million Arrington XRP Capital (https://ripple.com/insights/techcrunch-founder-michael-arrington-launches-worlds-largest-crypto-fund-xrp/)
- $100 million Arrington Algo Growth Fund (https://www.prnewswire.com/in/news-releases/arrington-capital-launches-100-million-fund-to-invest-in-algorand-based-initiatives-828289244.html)
- $100 million Arrington Moonbeam Growth Fund (https://www.coindesk.com/business/2022/06/08/arrington-capital-launches-100m-growth-fund-for-moonbeam-ecosystem/) (Polkadot parachain)
- Leads consortium with Fahrenheit LLC to successfully buy bankrupt crypto lender Celsius (https://t.me/QuantumStellarInitiative/27176)
Interestingly, Arrington XRP Capital is a hedge fund that invests in early stage ventures, seed, series A, ICOs, and corporate rounds, but uses the traditional multi-strategy approach of existing hedge funds. (Similar to what the Stellar developers and QSI are doing?) They also use the hedge fund platform to escape strict regulatory scrutiny until Protocol 20 is established
Recent News:
May 2023: Launched Prime Protocol (https://t.me/QuantumStellarInitiative/27178) (aka Stellar Soroban)
Feb 2023: Launched DAM, an omnichain stablecoin (https://t.me/QuantumStellarInitiative/27177) to securely scale liquidity backed by ERC-20 USDC only (https://www.linkedin.com/feed/update/urn:li:activity:7028405270011604992/)
Feb 2023: new CIO Bhavik Patel, (https://t.me/QuantumStellarInitiative/27174) hired to "grow and expand the liquid side of Arrington"
Stellar Humanitarian Wealth Transfer:
? Passive Income Assets (https://t.me/QuantumStellarInitiative/22968)
? Project Aurora & Ukaz (https://t.me/QuantumStellarInitiative/21777)
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