Visa invests in stablecoin platform BVNK as it doubles down on digital asset strategy
The post Visa invests in stablecoin platform BVNK as it doubles down on digital asset strategy appeared on BitcoinEthereumNews.com.
Key Takeaways Visa invested in stablecoin platform BVNK after a $50 million Series B fundraising. BVNK processes $12 billion annually and expanded to the US in 2025. Visa Ventures, Visa’s global investment arm, has made an investment in BVNK, a stablecoin payment infrastructure provider, as the company strengthens its presence in digital finance, BVNK announced Thursday. The move came after BVNK secured $50 million in a Series B round led by Haun Ventures last December, with participation from Coinbase Ventures, Tiger Global, and others. The funding was aimed at supporting BVNK’s US expansion, including new offices in San Francisco and New York. “We’re proud to support BVNK as they help accelerate global adoption of stablecoin payments,” said Rubail Birwadker, Head of Growth Products and Partnerships at Visa, in a statement. The financial terms of the new deal were not disclosed. Birwadker said the move reflects Visa’s belief that stablecoins are becoming a mainstream part of global payments. This also marks the company’s first strategic investment in stablecoin infrastructure. “Stablecoins are fast becoming a part of global payment flows, and Visa invests in new technologies and builders like BVNK, staying at the forefront of what’s next in commerce to better serve our clients and partners,” he said. Founded in London and now expanding to the US, BVNK is positioning itself as the backend for businesses looking to move money on-chain. Earlier this year, it opened offices in San Francisco and New York, hiring former BlockFi executive Amit Cheela and Cross River’s Keith Vander Leest to lead its American operations. “We’re experiencing a once-in-a-generation shift to a new foundational payment technology, powered by stablecoins,” said Jesse Hemson Struthers, Co-Founder & CEO of BVNK. “At BVNK, we’re building the infrastructure to make these new rails accessible to businesses, empowering them to operate at…
Filed under: News - @ May 6, 2025 2:23 pm