Circle announces $400 million raise, partnership with BlackRock

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Circle announces $400 million raise, partnership with BlackRock
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ICYMI: Circle announces $400 million raise, partnership with BlackRock

Crypto payments company Circle announced a $400 million funding round on Tuesday.

The round, expected to close in the second quarter, also drew support from Fidelity Management and Research, Marshall Wace LLP and Fin Capital, the companyBy partnering with ​​BlackRock, Circle is looking to explore capital market applications, per the announcement. BlackRock will also play a role as an asset manager of USDC cash reserves.Circle’s technology infrastructure sits at the center of that change. This funding roundCEO of Circle.

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