BlackRock Bets Big: Wall Street Giant Snaps Up 10% of Circle’s IPO

Another day, another institutional whale diving into crypto waters—this time with BlackRock leading the charge.

The $10 trillion asset manager just locked in a 10% stake ahead of Circle’s public debut, proving even traditional finance can’t resist the siren song of stablecoin revenue. Guess those money printers need stablecoins too.

IPO fever meets crypto’s regulatory tango—let’s see who blinks first.

TradFi’s crypto embrace 

The offering marks another step in the deepening relationship between traditional finance and crypto as Circle moves toward public markets amid growing political support from figures like President Donald Trump and emerging regulatory frameworks in Congress.

BlackRock already plays a major role in Circle’s operations through the Circle Reserve Fund, which holds around $30 billion in assets and backs 90% of Circle’s USDC stablecoin reserves. The fund is managed by BlackRock and structured as a government money market fund.

While BlackRock has not confirmed the investment and may still adjust its plans, its potential stake underscores the expanding role of traditional asset managers in the crypto sector. Both Circle and BlackRock declined to comment.