US EditionCiti Joins Visa in Backing Stablecoin Payments Company BVNK
Citi Ventures invests in BVNK, a leader processing $20 billion annually, reflecting rising stablecoin adoption driven by regulatory clarity and U.S. market expansion.
- On Thursday , Citi Ventures, venture arm of Citigroup, made a strategic investment in BVNK, a London-based stablecoin payments platform, but the companies did not disclose the investment size.
- Regulatory clarity in the U.S. helped prompt institutional confidence after the GENIUS Act passed earlier this year, while Citi and other big banks signaled plans for stablecoins and custody services.
- BVNK processes more than $20 billion annually for clients including Worldpay, Flywire and dLocal, and co-founder Chris Harmse said its valuation now exceeds $750 million.
- The deal aims to modernize payments by making cross-border transfers faster and cheaper for investors, companies and everyday users, while Citi's investment signals Wall Street's growing embrace of stablecoins as the market could reach $4 trillion by 2030, Citi projected.
- Competition is intensifying as the stablecoin market has grown 42% this year and now exceeds $300 billion, with BVNK facing rivals Alchemy Pay, TripleA, Ripple, and JPMorgan Chase's JPMD token.
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Citi Backs Stablecoin Startup BVNK As Wall Street Expands Crypto Investments
Through its Citi Ventures business, Citigroup is accelerating its entry into the blockchain-based payments industry. The new investment in BVNK demonstrates the company’s commitment to staying ahead in the digital asset industry. Although the size and new valuation numbers were not made public, BVNK said that its valuation is now higher than the prior $750 million mark with this strategic support. BVNK is already well-known for getting money fro…
Citi bvnk's investment marks a significant step in the convergence of traditional finance and digital infrastructure. Citi Ventures has invested in bvnk, the infrastructure company for...
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Bitcoin Ethereum NewsCiti Ventures Invests in BVNK Amid Stablecoin Boom
The deal underscores how quickly the line between traditional banking and blockchain-based finance is beginning to blur. BVNK, founded in 2021, builds infrastructure that lets businesses use stablecoins for payments, settlements, and treasury operations. While the company declined to reveal the size of Citi’s investment, insiders say its valuation has climbed past $750 million, supported by earlier funding from Coinbase, Tiger Global, and Visa. …
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