BlackRock and ICE Back Circle's Arc Blockchain in $222M Raise
BlackRock and ICE have invested $222 million in Circle's Arc stablecoin blockchain, pushing its valuation to $3 billion to advance tokenized asset infrastructure.
Investors
BlackRock, ICE
Project
Circle's Arc stablecoin blockchain
Funding Amount
$222 million
Valuation
$3 billion
Major financial institutions BlackRock and Intercontinental Exchange (ICE) have committed $222 million to Circle's new Arc stablecoin blockchain. This funding round values the project at $3 billion, signaling strong institutional confidence in the infrastructure for stablecoin and tokenized asset operations.
Original summary by the Tokensoft Newsroom based on the cited source; read the source for full details. Not investment advice.