Circle is tying major financial institutions to its Arc blockchain as operators, investors and future users ahead of the network's Sept. 16 mainnet launch.
BlackRock, DTCC, Visa, Mastercard and ICE are among 11 outside institutions Circle named as founding validators, alongside Circle itself, giving some prospective users a direct role in finalizing transactions on the network. More than 100 institutional and ecosystem builders are already working on Arc's private mainnet.
The relationships between Circle and these institutions extend beyond network operations:
- BlackRock was among investors in Circle's private sale of ARC tokens and is expected to deploy its BUIDL money-market fund on Arc.
- DTCC serves as both a founding validator and a planned integration partner.
The source article is available at CryptoSlate.
