Circle Internet Group (CRCL) has filed for a proposed IPO.

The company describes itself as: "Circle’s mission is to increase global economic prosperity through the frictionless exchange of value.  We believe that with the advent of blockchain networks, the global financial system can be rebuilt on the principles of the internet—those of open software and public networks—to the benefit of all of society. This new internet financial system has the potential to address the structural inefficiencies of the legacy financial system, enabling value to be exchanged more quickly, more cheaply, more safely, and in new, innovative ways—thereby increasing both the benefit of and access to the financial system for all people and all businesses across the globe."

J.P. Morgan and Citigroup (NYSE: C ) will serve as lead underwriters.