Circle's ARC Token Completes $222 Million Pre-Sale with Participation from a16z Crypto, BlackRock, and Others

Odaily reported that in its fiscal year 2026 first-quarter earnings report, Circle disclosed that its ARC Token has completed a $222 million pre-sale, with a network fully diluted valuation (FDV) of $3 billion.

Participating institutions include a16z crypto, Apollo Funds, ARK Invest, BlackRock, Bullish, General Catalyst, Haun Ventures, ICE, IDG Capital, Janus Henderson Investors, Marshall Wace, SBI Group, and Standard Chartered Ventures.

Circle also released the ARC Token whitepaper, stating that the token will serve as the native coordination asset for the Arc network, supporting governance, security, and network operations.