bvnk

According to BBX data, yesterday the layout of traditional payment institutions in the cryptocurrency infrastructure showed divergence, with institutions having clear differences in their views on ETH and the altcoin sector. The core dynamics are as follows:Mastercard Incorporated (NYSE: $MA) signed an acquisition agreement for the UK stablecoin infrastructure company BVNK on March 17 for a maximum of $1.8 billion (including $300 million in performance-based payments), which directly led Mastercard to abandon its previously pursued strategic investment plan in Zerohash (a privately held company). According to CoinDesk on May 19, Mastercard exited negotiations with Zerohash after the completion of the BVNK acquisition, and Zerohash is currently seeking to initiate a new financing round with a valuation of over $1.5 billion (higher than the $1 billion valuation established during the D-2 round of financing of $104 million in September 2025); the strategic logic behind Mastercard's acquisition of BVNK is that BVNK has a stablecoin payment infrastructure covering over 130 countries and a difficult-to-replicate combination of multi-country payment licenses; Mastercard's Chief Product Officer Jorn Lambert stated that the goal is to integrate stablecoins into the core network of Mastercard Move cross-border payments, rather than treating them as a peripheral experiment.JPMorgan Chase & Co. (NYSE: $JPM) analysts cited by CoinDesk on May 19 released the latest research report indicating that in the current market environment, Ethereum and the broader altcoin sector will continue to lag behind Bitcoin, primarily due to three structural weaknesses: weak network activity, stagnation in DeFi ecosystem growth (Solana's TVL has dropped from a peak of $13.1 billion in 2025 to about $5.5 billion), and limited real-world adoption scenarios; analysts believe that for the altcoin sector to catch up with Bitcoin's performance, a "significant network activity explosion" is a prerequisite, and this condition currently lacks visible short-term catalysts.

Mastercard has abandoned its investment plan for the cryptocurrency infrastructure company Zerohash, which had previously agreed in March to acquire the UK stablecoin infrastructure company BVNK for $1.8 billion. Mastercard had considered a strategic investment in Chicago-based Zerohash in January of this year. At that time, Zerohash was seeking to raise $250 million at a valuation of $1.5 billion, while the company is currently advancing a new funding round at a higher valuation. Founded in 2017, Zerohash primarily provides APIs and developer tools for cryptocurrencies, stablecoins, and tokenized products.Meanwhile, recent transactions involving Kraken's parent company Payward and Bullish indicate that consolidation in the digital asset infrastructure sector is ongoing. In terms of stablecoin payment arrangements, Mastercard has acquired BVNK for $1.8 billion and may pay an additional $300 million in performance-based compensation. BVNK currently serves payment and payroll platforms like Worldpay and Deel for cross-border payments, fund settlement, and financial management.Mastercard plans to integrate BVNK's technology into its Mastercard Move network to support 24/7 stablecoin settlement for payment institutions and merchant acquirers, and to explore adding stablecoin checkout functionality in payment gateways. Analysts believe that this transaction will further intensify the competition between Mastercard and Visa in the networked strategy of payment networks and accelerate the evolution of traditional cross-border clearing systems towards stablecoin settlement models.

According to The Block, Mizuho analysts Dan Dolev and Alexander Jenkins stated that after Mastercard's acquisition of the stablecoin startup BVNK, it is expected to become a "network connector" between fiat and cryptocurrency. The analysts pointed out that stablecoins will serve as accelerators for existing networks rather than threats, especially in areas such as B2B cross-border payments, remittances, the creator economy, and the gig economy, where card penetration is limited, and stablecoins can unleash faster, cheaper, and round-the-clock payment capabilities.The analysts maintained Mastercard's "outperform" rating, with a target stock price of $666. Mastercard previously announced plans to acquire BVNK for $1.8 billion, which provides fiat and cryptocurrency deposit and withdrawal channels, stablecoin and tokenized deposit conversions, cross-chain functionality, and wallet infrastructure. Mizuho noted that BVNK's licensing framework allows clients to quickly launch their businesses and supports a long-term transition to self-managed banking infrastructure; meanwhile, Mastercard has joined a global crypto partnership program consisting of over 85 crypto-native companies.

Investment bank Mizuho stated that after acquiring the stablecoin infrastructure company BVNK, Mastercard is expected to become a "network connector" linking crypto assets with fiat currency systems, further expanding its payment ecosystem.Analysis indicates that stablecoins will not undermine Mastercard's core card payment business; instead, they will serve as an "accelerator" for its network, particularly in areas such as B2B cross-border payments, remittances, and the creator and gig economy, facilitating faster, lower-cost, 24/7 capital flow. Mizuho maintains an "outperform" rating on Mastercard and sets a target price of $666.Analysts believe that in the aforementioned emerging scenarios, the penetration rate of traditional bank cards remains relatively low, and stablecoins are expected to fill this gap, while card payments will continue to serve as the core entry point for consumers. It is reported that Mastercard has agreed to acquire BVNK for up to $1.8 billion. This transaction is seen as an important step in continuing its role as a "network connector," expanding its business into the conversion and settlement between stablecoins and fiat currencies.Against the backdrop of a gradually loosening regulatory environment and traditional payment giants like Visa and Stripe accelerating their layout in stablecoins, stablecoins are becoming an important growth direction for the global payment system.

According to Bloomberg, Mastercard plans to acquire the stablecoin infrastructure startup BVNK for up to $1.8 billion, which includes $300 million in contingent consideration. This acquisition news comes just four months after the failed merger talks between BVNK and Coinbase, which were valued at about $2 billion. Both parties jointly issued a statement on Tuesday confirming the transaction.

According to Financefeeds, stablecoin infrastructure provider BVNK has obtained a Crypto Asset Service Provider (CASP) license issued by the Malta Financial Services Authority (MFSA), allowing it to offer digital asset services regulated under the EU's Markets in Crypto-Assets Regulation (MiCA) in Malta and expand these services across the European Economic Area (EEA).This license enables BVNK to operate under the EU's unified regulatory framework for crypto and digital asset service providers. BVNK stated that this approval strengthens its role as a regulated bridge between traditional euro payment rails and stablecoin settlements, primarily targeting businesses seeking compliant cross-border settlement solutions.

According to CoinDesk, payment giant Visa announced a partnership with digital asset infrastructure provider BVNK to integrate stablecoin functionality into its Visa Direct platform. This collaboration will allow businesses to use stablecoins for pre-funded payments in specific markets and send funds directly to recipients' digital wallets.

According to Fortune magazine, a spokesperson for the cryptocurrency exchange Coinbase confirmed that Coinbase has canceled acquisition talks with UK-based stablecoin startup BVNK. It is currently unclear why the two companies have shelved the deal, which had progressed to the due diligence stage, and in October, Coinbase and BVNK reached an exclusivity agreement, meaning BVNK could not accept offers from other bidders.A Coinbase spokesperson stated in a statement, "We are always looking for opportunities to expand our mission and product offerings. After discussing the possibility of acquiring BVNK, both parties agreed to no longer pursue this matter." BVNK helps customers use stablecoins for payments, cross-border transactions, and other application scenarios, with an acquisition price of approximately $2 billion. If the deal had gone through, the amount would have been nearly double the $1.1 billion that fintech giant Stripe paid in February this year to acquire stablecoin startup Bridge.

According to Bloomberg, citing informed sources, Coinbase Global Inc. is in the late stages of negotiations to acquire the stablecoin infrastructure startup BVNK, with a deal value potentially reaching $2 billion.The acquisition is expected to be completed by the end of 2025 or early 2026. Founded in 2021, BVNK provides enterprise-level stablecoin payment services, and Coinbase Ventures is already an investor. This move comes as the stablecoin business becomes increasingly important for Coinbase, with stablecoin operations accounting for 20% of Coinbase's total revenue in the third quarter of 2025, approximately $246 million.

According to Bloomberg, sources revealed that the American cryptocurrency exchange Coinbase Global Inc. is in late-stage acquisition talks with stablecoin infrastructure startup BVNK, aiming to complete the deal for approximately $2 billion, pending due diligence.Coinbase's venture capital arm, Coinbase Ventures, is one of the investors in BVNK, and the deal is expected to be finalized later this year or early next year. The terms of the deal may change, and the final transaction could still fall through.

According to Jinshi News, Coinbase plans to acquire the stablecoin infrastructure startup BVNK for $2 billion to promote its new stablecoin business.

ChainCatcher news, according to Fortune magazine, Coinbase is in advanced talks with Mastercard to acquire the London-based stablecoin infrastructure company BVNK, with a price range of approximately $1.5 billion to $2.5 billion. Currently, Coinbase has the upper hand, but the deal has not been finalized. If completed, it will become the largest stablecoin acquisition to date.BVNK was founded in 2021 and provides services such as stablecoin trading, cross-border payments, and fund management for enterprises. In December 2024, it raised $50 million in funding, with a valuation of about $750 million. Investors include Haun Ventures, Coinbase Ventures, and Tiger Global, with recent participation from Visa and Citi's venture capital. Stripe acquired Bridge for $1.1 billion this year. BVNK, Mastercard, and Coinbase have not commented.

ChainCatcher news, according to market sources, Citi Ventures has invested in the stablecoin infrastructure startup BVNK, with the amount undisclosed.BVNK provides a stablecoin payment rail that supports two-way settlement between fiat and crypto assets; co-founder Chris Harmse stated that the company's valuation is above the previously disclosed $750 million. Its growth in the U.S. market is the fastest, driven by the U.S. stablecoin regulatory bill GENIUS Act. Citi is evaluating the issuance of its own stablecoin and expanding crypto custody. In the past 12 months, stablecoin trading volume has approached $9 trillion (Visa), with a total market capitalization exceeding $300 billion (CoinMarketCap). BVNK is also supported by Coinbase and Tiger Global.

ChainCatcher news, according to Coindesk, the venture capital arm of global payment service provider Visa (V) has made a strategic investment in the startup BVNK, which is building a stablecoin-based payment infrastructure. This move reflects the trend of traditional financial companies entering the blockchain-driven currency flow. A spokesperson for BVNK confirmed in an email that the deal has been completed but declined to disclose the size of the investment.The software developed by BVNK allows businesses to send and receive stablecoins in global markets. The London-based company stated that its annual stablecoin transaction volume has reached $12 billion and has recently entered the U.S. market, with offices in New York and San Francisco. The company has applied for licenses in all U.S. states and has received approvals in several states.