Objective-C the ^ operator

I'm a newbie in Objective C and trying to figure out what does the ^ operator? While exploring some source code i saw next construction:

dispatch_once(&onceToken, ^{
    UIGraphicsBeginImageContextWithOptions(CGSizeMake(20.f, 13.f), NO, 0.0f);

    [[UIColor blackColor] setFill];
    [[UIBezierPath bezierPathWithRect:CGRectMake(0, 0, 20, 1)] fill];
    [[UIBezierPath bezierPathWithRect:CGRectMake(0, 5, 20, 1)] fill];
    [[UIBezierPath bezierPathWithRect:CGRectMake(0, 10, 20, 1)] fill];

    [[UIColor whiteColor] setFill];
    [[UIBezierPath bezierPathWithRect:CGRectMake(0, 1, 20, 2)] fill];
    [[UIBezierPath bezierPathWithRect:CGRectMake(0, 6,  20, 2)] fill];
    [[UIBezierPath bezierPathWithRect:CGRectMake(0, 11, 20, 2)] fill];   

    defaultImage = UIGraphicsGetImageFromCurrentImageContext();
    UIGraphicsEndImageContext();

});

And I'd like to know what is the ^?