Particle.news
Download on the App Store
21 ARTICLES
·
5h ago

Citi Backs BVNK as Coinbase, Mastercard Explore $1.5B–$2.5B Acquisition

Regulatory clarity in the U.S. is pulling major finance into stablecoin rails, elevating BVNK as a target.

Citibank (TungCheung/Shutterstock)
Photo: BVNK
Image
Image

Overview

  • BVNK said Citi Ventures invested in the company on Oct. 9, with the amount undisclosed and its valuation now above the $750 million level from its last round.
  • Multiple sources told Fortune that Coinbase and Mastercard have held advanced talks to buy BVNK for roughly $1.5 billion to $2.5 billion, with Coinbase seen as leading, though no deal is finalized.
  • If completed, a sale at that range would be the largest acquisition linked to stablecoins, outpacing Stripe’s $1.1 billion purchase of Bridge reported last year.
  • BVNK operates fiat-to-stablecoin payment rails for cross-border transactions and treasury flows, serving enterprises that want faster, lower‑cost settlement.
  • Executives cite the GENIUS Act’s federal framework and nearly $9 trillion in 12‑month stablecoin volumes as catalysts for bank and network interest; BVNK’s backers also include Visa Ventures, Coinbase Ventures, and Tiger Global.