Circle Announces the Acquisition of Nearly 1,000 Patents in the Blockchain and Fintech Spheres

cryptonews.ruPublished on 2026-07-27Last updated on 2026-07-27

Abstract

Circle, the issuer of USDC, has announced the acquisition of a patent portfolio from IBM, comprising nearly 1,000 patents across 680 patent families. The portfolio covers areas including blockchain, banking, financial services, insurance, corporate infrastructure, supply chain verification, and secure cloud operations. This purchase makes Circle a leader in the U.S. in terms of Web3-related patents, significantly expanding its intellectual property as it works to build future financial systems on the internet. The deal also opens avenues for potential collaboration between Circle and IBM, though specific details and the financial terms remain undisclosed. The patents acquired stem from a period when IBM was actively filing in the blockchain space, particularly around 2018-2019. According to analysis, IBM's patent filing strategy later shifted toward focusing on the quality and value of individual patents. Circle's leadership emphasized that this intellectual property is crucial for advancing its mission and expanding blockchain infrastructure for global financial systems. Following the announcement, Circle's stock price saw a 2.2% increase.

Circle, the issuer of USDC, has announced the acquisition of a patent portfolio from IBM. It is anticipated that this will expand the organization's capabilities in building an internet-based financial system.

The press release indicates that the portfolio includes 680 patent families and nearly 1,000 individual patents. They cover areas such as blockchain, banking, financial services, insurance, corporate infrastructure, supply chain verification, and secure cloud operations.

Circle emphasized that the deal makes the company a leader in the United States in terms of the number of Web3 patents under its control. This significantly expands the company's intellectual property and its potential for building the future financial system.

Furthermore, the release states that Circle and IBM will explore various collaboration options, but details are not specified. The transaction amount is not disclosed.

It is noteworthy that between 2018 and 2019 alone, IBM registered about 500 patents in the blockchain sphere. However, this process later slowed down. In 2022 and 2023, only 41 and 13 patents were filed, respectively, according to GreyB.

As noted by the organization, this was due to a change in leadership strategy. Previously, IBM aimed to register as many patents as possible, but after 2019, it focused on increasing the value of each individual patent.

The company also has extensive ambitions in the field of quantum technologies. This may also be one of the reasons for the number of patents under its control.

"Intellectual property is crucial for advancing our mission and expanding the adoption of blockchain infrastructure. IBM is a pioneer in technological innovation, and this acquisition expands Circle's capabilities to develop the infrastructure that powers globally significant financial systems, natively built for the internet," said Sarah Wilson, Chief Legal Officer and Corporate Secretary of Circle.

Following the news, Circle's stock price rose by 2.2%, according to TradingView.

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Related Questions

QWhat did Circle announce it has purchased from IBM, and what is the expected impact?

ACircle announced the purchase of a patent portfolio from IBM, which includes nearly 1,000 patents and 680 patent families covering blockchain and fintech. This acquisition is expected to expand the company's capabilities in building the internet financial system and position it as a leader in Web3 patents in the US.

QWhat specific areas do the patents acquired by Circle from IBM cover?

AThe patents cover several key areas including blockchain, banking, financial services, insurance, corporate infrastructure, supply chain verification, and secure cloud operations.

QAccording to the article, how did IBM's patent filing strategy change after 2019?

AAfter 2019, IBM shifted its strategy from filing as many patents as possible to focusing on increasing the value of each individual patent. This change in leadership strategy led to a significant decrease in filings, from about 500 in 2018-2019 to just 41 and 13 in 2022 and 2023 respectively.

QWhat was the reaction of Circle's stock price to the news of the patent acquisition?

AFollowing the news of the patent acquisition, the stock price of Circle increased by 2.2% according to TradingView.

QWhat statement did Sarah Wilson, Chief Legal Officer at Circle, make regarding the importance of the intellectual property acquired?

ASarah Wilson stated that intellectual property is critical for advancing Circle's mission and expanding the adoption of blockchain infrastructure. She noted that IBM is a pioneer in technological innovation, and this acquisition enhances Circle's ability to develop the infrastructure powering global financial systems originally built on the internet.

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