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Circle acquires IBM's blockchain patents

PRIVATEJul 27, 202613 days ago

Acquiring Company

Circle

Acquired Company

IBM

BostonOtherSoftwareFinanceFintech

Description

Circle has acquired IBM's blockchain patent portfolio to strengthen its payments network. This acquisition positions Circle as a leader in blockchain patent holdings in the U.S., supporting its mission to advance the internet financial system. The IBM portfolio includes over 680 patent families covering foundational blockchain technology and related fields. Circle plans to leverage this intellectual property to enhance its financial infrastructure.

Company Information

Company

Circle

Location

99 High Street Suite 1801

Boston, Massachusetts, United States

About

Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is the issuer of USD Coin (USDC), one of the fastest growing dollar digital currencies powering always-on internet-native commerce and payments. Today, Circle's transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through the frictionless exchange of financial value. Additionally, Circle operates SeedInvest, a leading startup fundraising platform in the U.S. Learn more at https://circle.com. A full description of the terms of the proposed transactions (collectively, the "Transactions") between Circle Internet Financial Limited ("Circle") and Concord Acquisition Corp ("Concord"), will be provided in an amendment to the registration statement on Form S-4 to be filed with the SEC by Circle Internet Finance plc (the "Company") that will include a proxy statement for the stockholders of Concord that will also constitute a prospectus of the Company. Concord, Circle and the Company urge investors, stockholders and other interested persons to read, when available, the preliminary proxy statement/prospectus as well as other documents filed with the SEC because these documents will contain important information about Concord, Circle and the Transactions. After the registration statement is declared effective, the definitive proxy statement/prospectus to be included in the registration statement will be mailed to stockholders of Concord as of a record date to be established for voting on the Transactions. Stockholders will also be able to obtain a copy of the proxy statement/prospectus, without charge, by directing a request to: Concord Acquisition Corp, 477 Madison Avenue, 22nd Floor, New York, NY 10022. The preliminary and definitive proxy statement/prospectus to be included in the registration statement, once available, can also be obtained, without charge, at the SEC's website (www.sec.gov).

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Integration timeline
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