Mastercard today announced a definitive agreement to acquire BVNK, a leader in stablecoin infrastructure, for up to $1.8 billion, including $300 million in contingent payments. The deal further enhances Mastercard’s comprehensive support for digital assets and value transfer across currencies, rails, and regions.
BVNK, founded in 2021, specializes in infrastructure that connects fiat and stablecoins. The platform allows users to send and receive payments on all major blockchain networks across more than 130 countries.
Jorn Lambert, Chief Product Officer, Mastercard, told investors, “We expect that most financial institutions and fintechs will in time provide digital currency services, be it with stablecoins or tokenized deposits. We want to support them and their customers with a best in class, highly compliant, interoperable offering that brings the benefits of tokenized money to the real world. This acquisition reinforces what we have always done, using innovation and technology to power economies and empower people. Adding on-chain rails to our network will support speed and programmability for virtually every type of transaction.”
Jesse Hemson-Struthers, Co-Founder and CEO of BVNK, stated, “For all of the advancements made in simplifying the digital currency opportunity, we have only scratched the surface of what’s possible. This deal brings together complementary capabilities to define and deliver the future of money. Together, we’re able to deliver an unprecedented infrastructure for digital currency-based financial services.”
The deal is expected to close before the end of 2026.
Mastercard shares rose 1% following the announcement.
By CEO NA Editorial Staff
