Arc, Canton and Tempo raise over $1B for privacy-focused blockchains
The post Arc, Canton and Tempo raise over $1B for privacy-focused blockchains appeared on BitcoinEthereumNews.com. Three privacy-focused blockchain networks, Arc, Canton, and Tempo, have collectively raised more than $1 billion in funding, each commanding valuations north of $10 billion combined. The money isn’t coming from the usual crypto-native suspects alone. BlackRock, Goldman Sachs, Visa, Deutsche Bank, and Stripe are all in the mix. The billion-dollar breakdown Circle’s Arc network closed a $222 million token presale at a $3 billion fully diluted valuation. BlackRock and Apollo led the round. Circle already operates USDC, the second-largest stablecoin by market cap, and Arc represents its bet that stablecoin settlement needs a dedicated privacy layer rather than just riding existing public chains. Canton Network is reportedly raising $300 million at a $2 billion valuation. The round is being led by a16z, with Goldman Sachs and Citadel among the participants. Canton was originall