Arch Lending, based in New York, has announced a substantial $75m fundraise.
The company has successfully raised $75m through a combination of a $5m equity seed round and a $70m loan financing facility.
The equity round saw co-leadership by Morgan Creek Digital and Castle Island Ventures, with contributions from Galaxy Ventures, BitGo Ventures, and more.
Arch Lending specialises in offering digital asset-backed loans, serving both individual and institutional clients. The company is celebrated for its top-tier customer service, superior product offerings, and a commitment to security and trust.
These loans are backed by robust digital assets, ensuring a solid foundation for its financial services.
Himanshu Sahay, Arch Co-Founder and CTO, said, “We have taken important learnings from prior digital asset lenders to build a secure, regulated, trustworthy, and durable business that is here for the long run. Our team will set new standards that will drive growth in this category.”
Mark Yusko, Founder of Morgan Creek Digital, and Arch Investor and Board Member, said, “Strong lending firms are the backbone of the global financial system and are necessary for the development of the digital asset ecosystem. The creation and development of digital asset lending organizations is essential for the continued growth and maturity of the industry, empowering both institutional and individual participants to harness the full potential of digital assets.
“Morgan Creek is proud to partner with the outstanding team at Arch Lending to build one of the foundational lenders for the digital asset ecosystem.”
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