Overview

• Citi Ventures has taken a stake in BVNK, with the investment size undisclosed and any collaboration details described as too early to announce.
• Co-founder Chris Harmse says the company’s valuation is now above the $750 million reported at its last funding round.
• BVNK operates a stablecoin payments rail that lets businesses convert between fiat and digital dollars and make faster cross-border payouts.
• The U.S. is its fastest-growing market, with new offices in San Francisco and New York and plans for full 50-state coverage as the GENIUS Act drives demand.
• Incumbents are moving onto token rails: Visa invested in BVNK in May, Citi is exploring a bank-issued stablecoin, and stablecoin transactions neared $9 trillion over the past year.