This DeFi Initiative Announces Large Investment Raised in Funding Round!

Decentralized finance (DeFi) startup Arch has raised $5 million to achieve its ambitious goal of becoming the “BlackRock of the web3.”

DeFi Platform Arch Reports Receiving $5 Million Investment

The popular investment round was led jointly by Digital Currency Group and SoftBank’s subsidiary Upload Ventures. In a statement from Arch, it was stated that other investors include Latin American blockchain firm Ripio, TechStars and the venture arm of GBV.

The initiative aims to make investing in DeFi accessible to the everyday investor.

Arch’s co-founder and CEO Christopher Storaker said in an interview:

“For example, we kept hearing stories of people who wanted to get into cryptocurrencies and whose only option they really had was to go to the stock market and buy this one token that a friend recommended to them and they knew nothing about.

They were basically putting all their assets in one basket.”

Storaker says diversification in finance is the only easy way, and he wants to make it simple for the web3 ecosystem.

He said the decentralized wealth management protocol creates well-diversified tokenized investment portfolios that individuals can purchase via a smart contract and then keep to themselves.

Storaker says Arch will take a different approach by going beyond Bitcoin and Ethereum, giving investors access to the latest technology of what’s going on on Web3.

“When we say ‘Web3’s BlackRock’ we really want to be on par with what they do and what people expect from passive products in terms of method,” Storaker said.

*Not investment advice.