Circle raises $222 million from BlackRock, Apollo and others in Arc token presale valued at $3 billion
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- Circle Internet Group has raised $222 million in the presale of Arc, the native token of its new blockchain, as the company looks to expand beyond its core business of issuing the USDC stablecoin, CNBC has learned.
- Andreessen Horowitz served as the lead investor in the raise with a $75 million investment.
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Circle Internet Group has raised $222 million in the presale of Arc, the native token of its new blockchain, as the company looks to expand beyond its core business of issuing the USDC stablecoin, CNBC has learned.
Andreessen Horowitz served as the lead investor in the raise with a $75 million investment. Other investors include BlackRock, Apollo Funds, New York Stock Exchange parent Intercontinental Exchange, SBI Group, Janus Henderson Investors, Standard Chartered Ventures, General Catalyst, Marshall Wace, ARK Invest, IDG Capital, Haun Ventures and the crypto exchange and CoinDesk owner Bullish.