Mastercard Completes $1.8B BVNK Acquisition to Expand Stablecoin Payment Infrastructure
Mastercard has purchased BVNK, a stablecoin infrastructure provider based in London, for as much as $1.8 billion, which includes a $300 million earnout. This acquisition, revealed earlier this year, allows Mastercard to take control of BVNK's stablecoin platform, enabling secure and compliant transactions across leading blockchain networks. Jorn Lambert, the Chief Product Officer, emphasized the significance of stablecoins in international B2B transactions, envisioning a 'multi-money' ecosystem that includes fiat, stablecoins, and tokenized deposits. Established in 2021, BVNK serves payment providers and global enterprises in over 130 countries. Mastercard plans to leverage BVNK's technology to bridge traditional finance and blockchain networks, aligning with a broader trend among payment leaders like Visa and Stripe.
Key facts
- Mastercard completed acquisition of BVNK, a London-based stablecoin infrastructure provider.
- Deal valued at up to $1.8 billion, including a $300 million earnout.
- BVNK founded in 2021, operates in over 130 countries.
- Mastercard's Chief Product Officer Jorn Lambert commented on the acquisition.
- BVNK provides backend technology for holding, sending, receiving, converting, and managing fiat and stablecoins.
- Mastercard aims to create interoperability between fiat, stablecoins, tokenized deposits, and other digital value.
- Acquisition gives Mastercard direct ownership of stablecoin infrastructure, reducing reliance on third-party providers.
- Rivals Visa and Stripe are also investing in digital asset payment infrastructure.
Entities
Institutions
- Mastercard
- BVNK
- Visa
- Stripe
- DefiLlama
- NFT Plazas
Locations
- London
- United Kingdom