cointelegraph.com
Digital asset management firm Arrington $XRP Capital has merged with cryptocurrency-focused private fund and research house ByteSize Capital, according to an official announcement published on March 27.
With the merger, ByteSize Capital’s co-founders Ninor Mansor and Ninos Mansor have also joined Arrington $XRP Capital as partners, along with founding partners Heather Harde and Michael Arrington.
Per the terms of the acquisition, Arrington $XRP Capital will take on ByteSize’s proprietary investing suite for navigating cryptocurrency markets, accumulating data and quantitative backtesting. The aforementioned systems will be added to Arrington $XRP Capital’s existing investment framework.
The merger was reportedly enabled by a recent investment of $30 million by Arrington $XRP Capital’s major limited partners, according to cryptocurrency-focused media outlet CoinDesk. Ninos Mansor reportedly commented on the acquisition saying that “one thing that stood out to us as we discussed a merger was the fact that they’ve been working together for over a decade. Two tech booms gives you scars and judgement that you just can’t replicate.”
In January, Arrington $XRP participated in a funding round of decentralized exchange (DEX) aggregator Totle. Michael Arrington — Arrington $XRP Capital’s founder and the founder of TechCrunch — said then that the DEX-focused platform “is an important part of the future of the blockchain economy [that] enables users and organizations to initiate reliable, non-custodial transactions."
Arrington $XRP Capital rose $100 million back in 2017, according to Arrington. The fund — which compels partners to invest in Ripple ($XRP) for distribution transactions, as well as fees — trades and holds cryptocurrency assets, and invests in token sales, equities and debt.