Circle has reportedly raised $222 million from BlackRock and other investors through a presale of its Arc token, valuing the project at $3 billion, according to CNBC.
What CNBC says happened in the Arc token presale
The report attributes the $222 million raise to a presale round for Circle’s Arc token, with BlackRock named among the participating backers. The deal reportedly values the Arc project at $3 billion.
Circle, best known as the issuer of the USDC stablecoin, has not publicly confirmed the specific terms of the Arc presale at the time of this report. The company has previously disclosed a $400 million funding round, signaling sustained investor appetite for its products.
Separately, Circle has been building out its blockchain infrastructure, including the launch of the Arc public testnet, which points to the company’s broader ambitions beyond stablecoin issuance.
Why BlackRock and the $3 billion valuation stand out
A presale valuation represents what investors collectively agree the project is worth based on the token price and total supply at the time of sale. At $3 billion, the Arc presale would place Circle’s new token initiative among the higher-valued crypto project launches in recent memory.
BlackRock’s reported participation is notable because the asset manager has become one of the most active institutional players in digital assets. For readers tracking how traditional finance intersects with crypto, a BlackRock allocation to a token presale, rather than an equity round, represents a different kind of commitment, one tied directly to a blockchain-native asset. This follows a broader pattern of major firms backing crypto infrastructure through large funding rounds.
No details on tokenomics, distribution schedules, or other presale participants beyond “others” have been confirmed in available reporting. Readers should treat the $3 billion figure as the reported presale valuation, not a market capitalization or fully diluted value, until official terms are published.
What readers should watch after the presale report
The most important next step is official confirmation from Circle. A CNBC report carries weight, but presale terms, token utility, vesting schedules, and public sale timelines remain unconfirmed until the company or its investors release formal documentation.
If confirmed, the Arc token would mark Circle’s first standalone token launch, a significant expansion for a company that has built its reputation on the growing stablecoin market. How Arc relates to USDC and Circle’s existing infrastructure will be a key question for the crypto community.
For now, the practical takeaway is to watch for Circle’s official announcement and any regulatory filings that may accompany a token offering of this size. The distinction between a presale for accredited investors and a broader public token launch will matter significantly for retail participants. Readers following institutional crypto moves, including deals like major firms expanding into regulated crypto services, should keep this story on their radar.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
