Haynes and Boone represented Arch Lending in securing $70 million in debt financing. The transaction coincides with an oversubscribed $5 million equity seed round. Arch Lending will leverage the funding to expand its platform offering loans backed by Bitcoin, Ethereum and Solana as collateral.
Alex Grishman, partner of Haynes and Boone, led the deal team with support from David Staab, counsel and Eitan Stavsky, counsel.
“This financing marks a significant step forward for Arch Lending as the crypto-lending market continues to evolve and expand,” Grishman said. “Our team prides itself on having deep experience in both traditional finance and emerging technologies, and we look forward to assisting Arch Lending as it grows.”
Galaxy provided the $70 million loan financing facility, which is designed to grow with increased demand and could potentially be securitized in the future.
