# Circle Internet Group Inc. (NYSE:CRCL) has raised $222 million for its new institutional blockchain Arc at a $3 billion valuation.

*web3 · news · 2026-05-11 · Benzinga*

## Key points

- Circle became the first publicly listed company to conduct a token presale with Arc.
- Arc is a new institutional blockchain using USDC as gas with sub-second finality and EVM compatibility.
- Of Arc's 10 billion tokens, 60% go to network builders and users, while Circle retains 25%.
- Circle's Q1 2026 net income dropped 15% due to a 76% increase in operating expenses.

**Companies:** Circle Internet Group Inc., a16z crypto

[Read the full story on Benzinga](https://www.benzinga.com/crypto/cryptocurrency/26/05/52446362/circle-raises-222m-from-blackrock-a16z-for-arc-blockchain)

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