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Malachite Acquired by Circle Internet Group

August 12, 2025

Cooley advised Circle Internet Group (NYSE: CRCL), a global financial technology firm, on its acquisition of Malachite, a high-performance consensus engine from Informal Systems, to support the launch of Arc, a new open Layer-1 blockchain network purpose-built for stablecoin finance, which is expected to debut in testnet later this year.

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