Citi Ventures, the venture capital arm of Citigroup, has announced a strategic investment in BVNK, the global stablecoin infrastructure platform. The move follows recent backing from Visa, Haun Ventures, Tiger Global and other top-tier investors highlighting the shift toward digital asset-based infrastructure.
BVNK’s core technology is effectively a payments rail to facilitate transactions in stablecoins globally, allowing customers to move money from fiat into the cryptocurrency and back.
The company declined to disclose the sum that Citi invested or its current valuation. But Chris Harmse, co-founder of BVNK, told CNBC in an interview that its valuation is higher than the $750 million that was publicly disclosed at its last funding round.
„Stablecoins are seeing increased interest in use for settlement of on-chain and crypto asset transactions,” said Arvind Purushotham, Head of Citi Ventures. „We were impressed by BVNK’s enterprise-grade infrastructure, and their proven track record.”
BVNK’s platform processes over $20 billion annually for global enterprises and payment service providers. The company serves as the stablecoin infrastructure provider for industry leaders including Worldpay, Flywire and dLocal, providing a full-stack solution for businesses at every stage of their stablecoin journey.
„This investment reinforces our mission to accelerate the global movement of money,” said Jesse Hemson-Struthers, Co-Founder and CEO of BVNK. “Our platform enables companies to harness stablecoins to move money quickly across borders and launch innovative financial products with enterprise-ready security and compliance.”
The strategic investment comes as regulatory clarity emerges globally with frameworks like the GENIUS Act in the United States enabling banks to issue stablecoins.
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BVNK builds stablecoin-native infrastructure to power global financial services. BVNK platform enables businesses to move value instantly across borders and networks. With global licensing and Tier 1 bank partnerships, the company facilitate billions in transactions for enterprise clients like Worldpay, Deel and dLocal.
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