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.
The First Public Company Token Presale
a16z crypto led the round with a $75 million commitment, according to CNBC.
BlackRock Inc. (NYSE:BLK), Apollo Global Management (NYSE:APO), Intercontinental Exchange Inc. (NYSE:ICE), Bullish (NYSE:BLSH), SBI Group, Janus Henderson Investors, Standard Chartered Ventures, General Catalyst, Marshall Wace, ARK Invest, IDG Capital, and Haun Ventures completed the investor syndicate.
Meanwhile, Circle becomes the first publicly listed company to conduct a token presale.
Arc is a public blockchain …