Blackrock, Fidelity to Invest in Crypto Firm Circle’s $400 Million Funding Round
Blackrock, Fidelity, Marshall Wace, and Fin Capital are investing in crypto firm Circle. In addition, Blackrock, the world’s largest asset manager, has entered into a broader strategic partnership with the crypto firm. Blackrock, Fidelity, Marshall Wace, Fin Capital to Invest in Circle Circle Internet Financial announced Tuesday that it has entered into an agreement for a $400 million funding round with investments from Blackrock Inc., Fidelity Management and Research, Marshall Wace LLP, and Fin Capital. Circle is the issuer of USD Coin (USDC). The....
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Already being the primary asset manager of USDC cash reserves, BlackRock will now also be exploring capital market applications for the USDC stablecoin. Circle, a major peer-to-peer payments firm and the principal operator of the UDC Coin (USDC), has announced a $400 million funding round and a new partnership with the American investment firm BlackRock.The USDC issuer has entered into an agreement for a funding round featuring investors like BlackRock, the investment advisory firm Fidelity Management and Research, the London-based hedge fund Marshall Wace and Fin Capital, as Circle....
A South Africa and London-based fintech startup, JUMO, recently revealed it has raised $120 million in a funding round led by Fidelity Management & Research Company. AI-Powered Financial Services According to a report by Techcrunch, financial services giant Visa and Kingsway Capital also participated in the funding round, which now sees JUMO valued at $400 million. This latest capital influx comes a year after the startup successfully raised $55 million in what the report calls a similar but unnamed funding round. JUMO, which was founded in 2015 by founder and CEO Andrew Watkins-Ball,....
Blackrock, the world’s largest asset manager with $7.81 trillion under management, is getting into bitcoin. The firm has filed with the U.S. Securities and Exchange Commission (SEC) for two of its funds to invest in bitcoin futures. Blackrock Gets Into Bitcoin Blackrock filed two “statements of additional information” with the SEC on Wednesday. One was for Blackrock Funds V and the other was for Blackrock Global Allocation Fund Inc. Both filings state: Certain funds may engage in futures contracts based on bitcoin. The two filings further detail, “The only bitcoin....
Speaking on the latest funding round which sees Reddit at a valuation of $10 billion, Steve Huffman, co-founder and chief executive stated tentative plans for the firm to go public. Popular social media platform Reddit has gained $4 billion in value since its last funding round earlier this year in February.Six months ago the firm raised $250 million in Series E funding at a valuation of $6 billion. In the latest move, Reddit announced a Series F funding round on Aug. 12 — which is being led by Fidelity Management and Research Company LLC and is expected to close at around $700 million....
Crypto company Circle announced a $400 million funding round. The company behind stablecoin USDC entered an agreement to conduct the round that is expected to close in the second quarter of the year, according to a press release. Related Reading | Circle Doubled Its Value To $9 Billion With New SPAC Deal The round will see […]