[Crypto Investment Companies Arca and BlockTower Sign Letter of Intent to Merge] Golden Finance reported that digital asset financial institution Arca and crypto investment company BlockTower Capital intend to merge. According to an announcement released on Wednesday, the two companies signed a letter of intent for an all-equity transaction to reach 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 be launched after the merger. According to venture capital tracking agency DealRooms, BlockTower Capital has invested in Aptos Labs, Dapper Labs and Solana, while Arca's portfolio includes Mintify and Bitwave.