Circle's $400 Million Funding Round Joined By Investment Giants

Circle's $400 Million Funding Round Joined By Investment Giants

Apr 13, 2022
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BlackRock, the world's largest investment manager, has joined the funding round along with Fidelity, Marshall Wace and Fin Capital.

Global financial technology firm Circle – issuer of USD Coin (USDC), one of the fastest growing dollar digital currencies with over $50 billion in circulation – announced that it has entered into an agreement for a $400M funding round with investments from world’s largest asset manager BlackRock, Fidelity Management and Research, Marshall Wace and Fin Capital.

Dollar digital currencies like USDC are fueling a global economic transformation, and Circle’s technology infrastructure sits at the center of that change. This funding round will drive the next evolution of Circle’s growth,” said Jeremy Allaire, Co-Founder and CEO of Circle. “It’s particularly gratifying to add BlackRock as a strategic investor in the company. We look forward to developing our partnership.”

The new funding round – that is expected to close in the second quarter – promotes Circle’s continued strategic growth as demand for dollar digital currency and related financial services continues to scale globally.

In addition to its corporate strategic investment and role as a primary asset manager of USDC cash reserves, BlackRock has entered into a broader strategic partnership with Circle, which includes exploring capital market applications for USDC.

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