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ARPA Network Secures $6M Strategic Investment to Expand Product Offerings in Fully On-Chain Gaming and Cryptographic AI

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Lead investors include Nomura’s Laser Digital and DeFiance Capital, with additional support from Animoca Ventures, Metrics Ventures, ArkStream Capital, and Trinito

SINGAPORE, May 30, 2024 /PRNewswire/ — ARPA Network, a pioneer in decentralized secure computation, proudly announces a $6M strategic investment to support product expansion in fully on-chain gaming, Autonomous Worlds (AW), and cryptographic AI. Lead investors include Nomura’s Laser Digital and DeFiance Capital, with additional funding from Animoca Ventures, Metrics Ventures, ArkStream Capital, and Trinito. ARPA Network is previously backed by Binance Labs, Arrington Capital, and DWF Labs.

Founded in 2018, ARPA innovates cryptographic systems to enable more blockchain use cases.  ARPA Threshold BLS Network, launched in mid-2023, serves as the infrastructure for verifiable Random Number Generators (RNGs), secure wallets, cross-chain bridges, and decentralized custody across multiple blockchains.

“This infusion of capital from industry leaders marks a milestone for ARPA,” said Felix Xu, co-founder of ARPA Network. “We are working on exciting product launches, including DEAR, an elegantly designed mobile fully on-chain game, and integration of ARPA Randcast as Eigenlayer AVS. Together with leading AI institutions, we will publish research and conduct PoC on cryptographic AI for facial recognition using zero-knowledge machine learning (ZKML).”

As ARPA’s first foray into fully on-chain gaming, DEAR is a smart-contract-based creature. It challenges players to nurture, influence, and ultimately shape the digital lifeform through interactions. The game’s mechanics, crafted directly from blockchain capabilities, explore the composability and extensibility of smart contracts as well as the intricate relationships between individuals in the community. DEAR launched on the Redstone Chain on May 15.

Concurrently, researchers at ARPA are exploring the crossover of cryptography and AI to expand blockchain capabilities and lower the barrier to mass adoption. The team is building proof-of-concept for on-chain privacy-preserving biometric technologies that grant users smooth and secure access to the blockchain. ARPA also looks to co-author research in ZKML with other leading researchers.

Jez Mohideen, CEO of Laser Digital, commented, “ARPA’s initiatives in on-chain gaming and cryptographic AI are poised to transform the blockchain landscape, making these technologies more accessible and impactful across various industries. This investment underlines our dedication to enhancing the digital landscape and supporting technologies that offer significant market potential and align with our values of responsible innovation.”

Arthur Cheong, Founder & CIO of DeFiance Capital, added, “We are pleased to back ARPA Network in their industry-leading efforts in decentralized secure computation, which are crucial for the integrity and security of blockchain ecosystems. This technology is vital not only for fully on-chain games but also for enhancing the reliability and privacy of applications across the entire blockchain space.”

Part of this investment will be used to expand the customer base for ARPA Randcast – a verifiable RNG that offers unprecedented security and efficiency for diverse applications, including gaming, lotteries, NFT minting, and key generation. Serving more than 15 dapp customers, Randcast is live on Ethereum, Redstone, Optimism, Base, Loot Chain, and Taiko, and will integrate as an Eigenlayer AVS. Fully on-chain game developers can also easily integrate Randcast using the popular MUD Framework.

Yat Siu, co-founder and executive chairman of Animoca Brands, said: “ARPA Network’s focus on enhancing blockchain functionality through innovative cryptographic technologies makes it a compelling addition to the portfolio of Animoca Ventures. We are particularly enthusiastic about DEAR, which exemplifies the transformative potential of fully on-chain gaming to offer high levels of engagement and fairness, aligning seamlessly with our vision of fostering a more accessible and ownership-driven gaming ecosystem.”

About ARPA Network:
ARPA Network (ARPA) is a decentralized secure computation network built to improve the fairness, security, and privacy of blockchains. ARPA threshold BLS signature network serves as the infrastructure of verifiable Random Number Generator (RNG), secure wallet, cross-chain bridge, and decentralized custody across multiple blockchains. ARPA is backed by Binance Labs, Arrington Capital, DWF, and several other funds.

About Laser Digital:
Laser Digital is a crypto business redefining the frontier of digital finance. Backed by Nomura, Laser Digital delivers scalable, robust opportunities across trading, solutions, asset management, and ventures. The team works at higher risk management standards, compliance, and commercial viability, all driven by a belief in more responsible crypto innovation. With an open and dynamic culture, Laser Digital has the freedom to adapt to market needs, to move swiftly to capitalisation, and to share learnings with clients and partners –bringing greater confidence to the institutional market for the benefit of all. For more information, please visit: https://www.laserdigital.com.

About DeFiance Capital:
DeFiance Capital is a leading crypto investment firm with a global footprint founded by Arthur Cheong (Arthur0x) and focuses on liquid tokens with venture-scale upside. They invest in crypto with a thesis-driven and fundamental-focused strategy.

Media Contact:
Ryan Walker
R.J. Walker & Co.
ryan@rjwalkerco.com

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SOURCE ARPA

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Howard Hughes Holdings Set to Join S&P SmallCap 600

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/howard-hughes-holdings-set-to-join-sp-smallcap-600-302918511.html

SOURCE S&P Dow Jones Indices

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Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

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Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

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Amy Johnson Appointed President of GDIT

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RESTON, Va., Oct. 23, 2026 /PRNewswire/ — General Dynamics (NYSE:GD) announced today that Amy Johnson has been appointed as president of GDIT, effective November 3.

Johnson is a 27-year veteran of General Dynamics Mission Systems, where she held increasingly senior roles in engineering, engineering management and business leadership across cybersecurity, defense electronics, space and intelligence systems, most recently as vice president and general manager for Space, Cyber and Intelligence. She earned bachelor’s and master’s degrees in computer science and computer systems engineering. 

“Amy has a proven track record of leading teams to solve complex and highly technical challenges for our customers,” said Phebe Novakovic, CEO of General Dynamics. “I am confident that her dynamic leadership, operational rigor and deep commitment to our values and culture will deliver value to our customers, employees and shareholders.”

GDIT delivers digital modernization, cloud computing, artificial intelligence, cybersecurity and software development solutions to the U.S. federal government, defense, intelligence agencies and other customers. It is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at gd.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/amy-johnson-appointed-president-of-gdit-302918411.html

SOURCE General Dynamics

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