BlackRock Eyes 10% Beteiligung am IPO: Bericht

tldr; BlackRock Inc. plans to acquire a 10% stake in Circle Internet Group Inc.’s upcoming IPO, which aims to raise up to $624 million. Circle, the issuer of the USDC stablecoin, has its offering scheduled for June 4. Ark Investment Management also expressed interest in purchasing $150 million in shares. The IPO is reportedly oversubscribed, highlighting growing ties between traditional finance and crypto. BlackRock already manages Circle’s $30 billion Reserve Fund, backing 90% of USDC reserves. Both companies declined to comment on the investment plans.

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