Good morning, and welcome to the 2026 annual meeting of stockholders of Circle Internet Group, Inc. My name is Jeremy Allaire, and I am the Co-Founder, Chairman, and Chief Executive Officer of Circle. I'm pleased to call our first-ever annual meeting of stockholders to order. On behalf of Circle's board of directors and management team, thank you for joining us today and for your support as stockholders of Circle. This annual meeting is being held pursuant to Circle's bylaws, and written notice has been provided to all stockholders in accordance therewith. This meeting is a fully virtual meeting as we aim to increase access and participation to our stockholders. Our General Counsel and Corporate Secretary, Sarah Wilson, will serve as secretary of this meeting. Before proceeding to the formal business of the meeting, I would like to offer a few remarks.
2025 was a historic year for Circle. We became a public company in June through a highly successful and oversubscribed initial public offering. Over the course of the year, we secured and expanded significant partnerships across digital assets, banking infrastructure, payments, international dollar access, and capital markets. A broad group of digital native and mainstream institutions relied on Circle's programmable money infrastructure and transparent approach to help make the global financial system more open and more efficient. In 2025, we introduced important new products in support of the platform we're building, including Circle Payments Network, which connects financial institutions and enables real-time settlement of cross-border payments using regulated stablecoins, and Arc, our purpose-built layer-1 blockchain designed to unite programmable money and on-chain innovation with real-world economic activity at internet scale.
We've also seen important regulatory progress in the U.S. and abroad, including the passage of landmark stablecoin legislation in the U.S. with the GENIUS Act, which has provided greater clarity for market participants and helped accelerate institutional adoption of stablecoins. Alongside the momentum created by the GENIUS Act, we received conditional approval from the OCC to establish a national trust bank, as well as important regulatory approvals and licenses in the United Arab Emirates, Japan, and Canada. We recently moved our headquarters to One World Trade Center in New York City, placing Circle at the center of the financial industry we are working to help transform. We also advanced our mission through the launch of the Circle Foundation, dedicated to financial resilience and inclusion, under which we committed 1% of our equity and resources to charitable giving, volunteer time, and community support.
Reflecting on 2025, we are proud of the strong results Circle achieved while remaining focused on our mission, raising global economic prosperity through the frictionless exchange of value. Our strategy has become even clearer, to build the leading full-stack internet financial platform company focused on creating the foundation of a more open global economy through digital assets, payment applications, and programmable blockchain infrastructure. We have appreciated the opportunity to engage with many of our new stockholders over the past year. Today's annual meeting is an important part of that continued engagement. We value your participation and your consideration of the proposals described in our proxy materials. I will now turn the meeting over to Sarah Wilson, Circle's general counsel and corporate secretary, to conduct the formal business of the meeting.
Thank you, Jeremy, and good morning. This meeting is being conducted virtually via live webcast. Stockholders who have logged in with their 16-digit control number or a valid legal proxy are able to attend, vote, and submit questions through the meeting website. The meeting will be run under our annual meeting rules of conduct, which have been uploaded to the virtual meeting platform. The Circle board of directors previously fixed the close of business on March 16th, 2026 as a record date for determining the stockholders entitled to receive notice of and to vote at this meeting. Only stockholders of record as of the close of business on March 16th, 2026, or their duly authorized proxy holders are entitled to vote at this meeting.
The notice of annual meeting of stockholders, proxy statement, and annual report on Form 10-K for the fiscal year ended December 31, 2025, were made available to stockholders beginning on or about April 1, 2026. A representative of Broadridge Financial Solutions will serve as the inspector of election for this meeting and will tabulate the votes cast at this meeting. The inspector of election has taken the required oath and reported the holders of 127,253,319 shares are present in person, virtually or represented by proxy, representing greater than 50% of the voting power of our capital stock. This represents a quorum under our bylaws. The meeting is therefore duly convened and ready to conduct business.
If you've already voted by proxy, there is no need to vote again during this meeting unless you wish to revoke or change your vote. If you wish to vote during the meeting or change a previously submitted vote, you may do so through the virtual meeting platform before the polls are closed. The polls are now open. Stockholders who have not yet voted or who wish to change their vote may do so now. The polls will remain open until I announce that they are closed. The matters to be acted upon at this meeting are the matters described in our notice of annual meeting and proxy statement. Proposal 1, to elect the three Class I director nominees listed in our proxy materials, namely Jeremy Allaire, Craig Broderick, and P. Sean Neville.
Our board of directors recommends the stockholders vote for each of the nominees in Proposal 1Proposal 2, to approve on an advisory basis the compensation of Circle's named executive officers. The Circle board recommends that stockholders vote for this Proposal 2. Proposal 3, to approve on an advisory basis the frequency of future advisory votes on the compensation of Circle's named executive officers. The Circle board recommends that stockholders vote for an annual advisory vote frequency. Proposal 4, to ratify the appointment of Deloitte & Touche LLP as Circle's independent registered public accounting firm for the fiscal year ending December 31st, 2026. The Circle board recommends that stockholders vote for this Proposal 4.
Before we close the polls, we will pause to take questions from stockholders regarding the matters being voted on at today's meeting to the extent such questions are relevant to the proposals at issue in this meeting and comply with the meeting rules of conduct. At this time, management is not aware of any relevant questions or other business properly brought before this meeting. The polls are now closed. No further ballots, proxies, votes, revocations, or changes will be accepted. I will now ask the representative of Broadridge Financial Solutions to provide the voting results.
Based on the preliminary tabulation, each of the director nominees has been elected, and each management proposal has been approved. The final voting results will be certified and reported in the company's Form 8-K to be filed with the SEC within the time required by applicable law. I now return the meeting to Sarah Wilson.
There being no further business to come before the meeting, the 2026 annual meeting of stockholders is now adjourned. On behalf of the board of directors and the Circle management team, thank you for joining us today and for your continued support of Circle.
That concludes our meeting today. You may now disconnect.