Circle Unveils Arc Blockchain Targeting Payments, Tokenization and Institutional Finance

Circle has unveiled Arc, a blockchain targeting payments, tokenized assets, and institutional finance. The Arc Public Mainnet is scheduled to launch on the 16th. In its announcement last month, Circle stated that Arc has been operating alongside over 100 ecosystem and institutional builders on a private mainnet. Arc is designed to support USDC-based payments, real-time fund transfers, issuance and management of tokenized physical assets, and on-chain applications for institutional finance. Circle also revealed that financial institutions and companies including BlackRock, DTCC, Galaxy, Mastercard, Visa, and Standard Chartered are participating as initial validators.

Jeremy Allaire, Circle's co-founder, CEO, and chairman, told CoinDesk that Arc represents Circle's vision to expand beyond USDC into a financial infrastructure platform.