BlackRock Named Validator for Circle's Arc Blockchain, Plans BUIDL Deployment
BLK sits 23% above its 52-week low of $917.39.
Summary
BlackRock has been named a founding validator for Circle's Arc blockchain, a Layer 1 network using USDC as gas, with a public mainnet launch set for Sept. 16. The firm is also expected to deploy its BUIDL tokenized fund on Arc, enabling institutional investors to subscribe, redeem, and deploy assets on-chain. This deepens BlackRock's digital asset infrastructure push, following its spot Bitcoin ETF launch and consortium with Google and Coinbase. The validator role and BUIDL integration position BlackRock at the core of a compliant, institution-grade blockchain network backed by major financial players like Visa, Mastercard, and DTCC. Circle's Q2 revenue of $701 million and USDC circulation of $73.3 billion underscore the scale of the ecosystem BlackRock is joining.
At the time of this announcement, BLK was trading at $1,130.00 on NYSE in the Finance sector, with a market capitalization of approximately $183.9B. The 52-week trading range was $917.39 to $1,219.94. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: The Block.