BlackRock’s $3.2B BUIDL Fund Joins $222M Presale for $3B-Valued Arc
BlackRock's BUIDL fund with $3.2B AUM participated in Circle’s $222M Arc presale, valuing the new Layer-1 blockchain at $3B. Circle projects a $4B-$5B corporate valuation ahead of its IPO and generated $150M in protocol fees from BUIDL integrations in 2025.
1. BlackRock’s Investment in Arc Presale
BlackRock’s BUIDL fund joined a $222M presale round for Circle’s Arc Layer-1 blockchain, contributing to a $3B valuation for the project. Other institutional backers included Andreessen Horowitz and several venture firms, highlighting strong demand for stablecoin settlement solutions.
2. BUIDL Fund’s Role and USDC Integration
The BUIDL fund, now at $3.2B in assets under management, will use Circle’s USDC smart contract for 24/7 redemptions. Circle anticipates generating $150M in protocol fees from these integrations in 2025, underscoring the revenue potential of its on-chain services.
3. Implications for Circle’s IPO Valuation
Circle expects its corporate valuation to reach between $4B and $5B ahead of its planned IPO. Success in securing high-profile institutional funding and demonstrating fee-generating capacity may bolster investor confidence and pricing power.