Circle Raises $222M for Arc Blockchain Token at $3B Valuation Circle raised $222 million through a presale of Arc, the native token of its new institutional-focused blockchain, valuing the network at $3 billion fully diluted.
The round was led by Andreessen Horowitz, with participation from BlackRock, Apollo, ICE, SBI Group, ARK Invest and others
Circle CEO Jeremy Allaire said Arc aims to serve as blockchain infrastructure for institutional finance and AI-driven economic activity, marking Circle’s expansion beyond the USDC stablecoin business. — link