Mastercard Completes $1.8B Acquisition of Stablecoin Infrastructure Company BVNK
Mastercard has completed its acquisition of London-based stablecoin infrastructure company BVNK for $1.8 billion, expanding its reach in digital assets and cross-border payments.
The deal gives Mastercard immediate access to a platform processing over $30 billion annually across 130 markets, with 25+ regulatory licenses and a client roster including Worldpay, Deel, Rapyd, Flywire, and Visa Direct.
BVNK's 'Layer 1' architecture functions as an alternative core banking system built on blockchain infrastructure, connecting to SWIFT, SEPA, ACH, and Fedwire on the fiat side, and major blockchain networks on the stablecoin side.
The acquisition is expected to enable Mastercard to process and settle stablecoin transactions, rather than just routing and credentialing them, through BVNK's direct access to SEPA CENTROlink through the Bank of Lithuania.