Mastercard Completes BVNK Acquisition in Deal Valued Up to $1.8 Billion

Mastercard finalizes purchase of stablecoin firm BVNK, integrating on-chain settlement infrastructure. The deal, valued up to $1.8B, aims to bridge traditional banking with digital wallets.

Woofun AI reports that Mastercard has finalized its acquisition of stablecoin payments provider BVNK, incorporating the firm's on-chain settlement and wallet infrastructure into its global network. While the final transaction price remains undisclosed, the agreement announced in March was valued at up to $1.8 billion, comprising $300 million in contingent payments.

Founded in 2021, BVNK offers infrastructure for transferring, storing, and converting funds between traditional currencies and blockchain networks. Mastercard confirmed that BVNK's existing clients will retain access to current products and support teams without requiring immediate action. Chief Product Officer Jorn Lambert noted that digital currencies, especially stablecoins, are addressing real-world demands, with the combined platform expected to enable banks to link customer accounts to digital wallets and provide payment service providers with round-the-clock merchant settlement capabilities.