Circle Raises $222M From BlackRock, a16z For 'Arc' Blockchain

Benzinga05-11 21:02

Circle Internet Group Inc. (NYSE:CRCL) has raised $222 million for its new institutional blockchain Arc at a $3 billion valuation as shares jumped 2.5% in premarket trading. a16z crypto led the round ...

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(NYSE:CRCL) has raised $222 million for its new institutional blockchain Arc at a $3 billion valuation as shares jumped 2.5% in premarket trading.\na16z crypto led the round ...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/05/52446362/circle-raises-222m-from-blackrock-a16z-for-arc-blockchain\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0980610538.SGD","symbol_name":"Natixis Harris Associates US Equity RA SGD-H","start_time":0,"source_url":"https://www.benzinga.com/crypto/cryptocurrency/26/05/52446362/circle-raises-222m-from-blackrock-a16z-for-arc-blockchain","article_id":"2634282855","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/05/11/Circle-Internet-Group--Inc-_0.jpeg?optimize=medium&dpr=2&auto=webp&width=260"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/crypto/cryptocurrency/26/05/52446362/circle-raises-222m-from-blackrock-a16z-for-arc-blockchain","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2634282855","pubTimestamp":1778504520,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Circle Internet Group Inc. 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(NYSE:CRCL) has raised $222 million for its new institutional blockchain Arc at a $3 billion valuation as shares jumped 2.5% in premarket trading.\na16z crypto led the round with a $75 million commitment, according to CNBC. \nMeanwhile, Circle becomes the first publicly listed company to conduct a token presale.\nArc is a public blockchain built for institutional finance, using USDC as its native gas token with sub-second finality and EVM compatibility.\nCircle reported Q1 2026 results alongside the Arc announcement. Total revenue and reserve income reached $694 million, up 20% year-over-year, driven by USDC in circulation growing 28% to $77 billion at quarter’s end.\nThat growth translated into massive on-chain activity. USDC transaction volume hit $21.5 trillion for the quarter, a 263% jump from the prior year, while adjusted EBITDA climbed 24% to $151 million.\nMoreover, net income from continuing operations fell 15% to $55 million as operating expenses surged 76%, primarily from post-IPO stock-based compensation and related payroll taxes.\nIf Arc gains traction, Circle could own more of the infrastructure USDC currently depends on.\nOf Arc’s 10 billion token supply, 60% flows to participants who build on and use the network. Circle holds 25%, enabling it to operate validator infrastructure and earn staking income.\nThe presale is as much about defense as growth. With stablecoin legislation advancing, some investors fear banks and fintechs could launch competing dollar tokens, removing the need for a third-party issuer like Circle.\nImage source: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2634282855","isCrawlerRequest":true}