Visa Ventures has made a strategic investment in BVNK, a London-based stablecoin infrastructure provider, underscoring the growing role of digital assets in global payments. Although the investment amount remains undisclosed, it follows BVNK’s $50 million Series B round earlier this year.
With $27 trillion in global stablecoin transactions across 1.25 billion transactions in 2024, according to Visa data, the demand for enterprise-grade digital payment infrastructure is surging. BVNK is well-positioned to meet this demand, offering merchants named IBANs for EUR and GBP and access to European and UK payment rails including SEPA, SEPA Instant, and Faster Payments.
Processing over $12 billion annually, BVNK supports major clients such as Ferrari and Rapyd, enabling seamless conversion, transfer, and storage of stablecoins and fiat currencies. The platform is fully licensed as an electronic money institution in both the UK and Europe.
Now, BVNK is setting its sights on the US market, launching operations in San Francisco and New York. The American expansion will be led by former BlockFi executive Amit Cheela and ex-Cross River executive Keith Vander Leest.
“Stablecoins are fast becoming a part of global payment flows,” said Rubail Birwadker, head of growth products and partnerships at Visa. “Visa invests in new technologies and builders like BVNK, staying at the forefront of what’s next in commerce to better serve our clients and partners.”