BlackRock intends to purchase approximately 10% of the shares offered in Circle Internet Group’s upcoming IPO, signaling further integration between traditional finance and the cryptocurrency sector. Circle, a prominent stablecoin issuer, and its shareholders, including CEO Jeremy Allaire, aim to raise up to $624 million through the offering. This information was disclosed in a recent filing with the U.S. Securities and Exchange Commission. The investment by BlackRock underscores the growing interest and confidence from established financial institutions in the digital asset market and its potential for mainstream adoption. This move follows other instances of traditional firms exploring and investing in the crypto space.
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BlackRock Said to Plan to Buy Shares in Circle Internet IPO
BlackRock intends to purchase approximately 10% of the shares offered in Circle Internet Group’s upcoming IPO, signaling further integration between traditional finance and the cryptocurrency sector. Circle, a prominent stablecoin issuer, and its shareholders, including CEO Jeremy Allaire, aim to raise up to $624 million through the offering. This information was disclosed in a recent filing with the U.S. Securities and Exchange Commission. The investment by BlackRock underscores the growing interest and confidence from established financial institutions in the digital asset market and its potential for mainstream adoption. This move follows other instances of traditional firms exploring and investing in the crypto space.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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