Crypto lending platform Arch announced the completion of a $5 million seed round led by Morgan Creek Digital and Castle Island Ventures. Meanwhile, Galaxy provided $70 million in debt financing. The funds will be used to serve institutional clients and individual investors. Arch was founded in February 2022 by financial industry veterans Dhruv Patel and Himanshu Sahay with the aim of reviving the crypto lending industry that had been thwarted by the collapse of companies such as BlockFi and Genesis.