Arrington XRP Capital was the first fund established by Arrington Capital, a digital asset investment firm co-founded in 2017 by Michael Arrington, Heather Harde and Geoffrey Arone. The firm now manages multiple investment strategies spanning early-stage ventures and liquid digital assets.
Fund history
The original fund was announced in November 2017 with an XRP-denominated structure. CryptoSlate covered the launch and its use of XRP at the time. Those original arrangements should not be treated as terms applying to every later Arrington fund.
Arrington XRP Capital combined with ByteSize Capital in March 2019, adding investment research and quantitative tools. Arrington subsequently expanded through vehicles including the Arrington Algo Growth Fund and Arrington Moonbeam Growth Fund.
Investment approach and portfolio
Arrington Capital invests across blockchain infrastructure, decentralized finance, gaming and other digital asset businesses. Its disclosed portfolio includes projects such as Arweave, deBridge, Mysten Labs and GenLayer.
The disclosed portfolio spans current and historical investments. Individual fund holdings and token positions are not disclosed for every project.
Leadership changes
Heather Harde moved from full-time partner to strategic adviser in 2023. Geoffrey Arone stepped down from his operating role in 2019. Arrington announced Ravi Kaza as a partner and chief investment officer, and promoted Colton Conley to partner, in May 2025. Current professional profiles also identify Bhavik Patel as a CIO; the firm’s public material does not clearly separate their respective fund responsibilities.
Recent fund activity
Arrington XRP Capital Fund, LP was the sponsor of the SPAC involved in Evernorth’s business combination. CryptoSlate’s November 2026 coverage of Evernorth’s resale filing describes securities registered for potential resale by the fund. Registration is distinct from a completed sale and remains subject to the filing’s conditions and transfer restrictions.
Published research
The firm publishes investment commentary and technical analysis through its blog, including work on autonomous agents, decentralized trading infrastructure and Arweave’s AO ecosystem.
