Mastercard To Acquire BVNK For Up To $1.8 Billion In Largest Stablecoin Deal

Mastercard is set to acquire London-based crypto startup BVNK for up to $1.8 billion, marking the largest stablecoin deal to date. The deal includes $300 million in contingent payments and is expected to close by year-end, according to Mastercard’s chief product officer, Jorn Lambert. BVNK, founded in 2021, leverages stablecoins for customer transactions, cross-border payments, and global treasuries. The acquisition comes after BVNK raised $750 million in a Series B round in December 2024, making Mastercard’s purchase a significant premium. Co-founder Chris Harmse expressed excitement over the deal, highlighting the company’s rapid growth and strategic fit with Mastercard’s push into stablecoin payments. HQ: Purchase, New York #VentureCapital #Mastercard #BVNK #TradedVC