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Mastercard to Buy Stablecoin Infra Firm BVNK for up to $1.8 Billion

On Tuesday, Mastercard announced it will acquire London-based BVNK for up to $1.8 billion including $300 million in contingent payments, with the deal expected to close by year end, Mastercard said.
In an off-and-on bidding race, BVNK attracted suitors, including Coinbase which nearly bought it for around $2 billion before talks collapsed around November, with the $1.8 billion price a large premium over its $750 million Series B valuation in December 2024.
Mastercard highlighted BVNK's geographic licences and tech depth, noting that "BVNK has spent the last seven years building not just the technology, but also obtaining licenses in multiple geographies," Jorn Lambert said.
The deal will enable Mastercard to connect traditional payment rails with blockchain systems, supporting cross-border transfers, remittances and business-to-business payments amid $350 billion stablecoin volumes in 2025.
Mastercard is making its biggest bet yet on digital currencies by acquiring BVNK for $1.8 billion, eclipsing Stripe's $1.1 billion Bridge deal last year and following last week's Crypto Partner Program with more than 85 companies.

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