Visa Invests in BVNK Stablecoin Payment Platform

Visa Invests in BVNK Stablecoin Payment Platform

Visa is doubling down on digital assets, this time by investing in BVNK, a London-based start-up that is working on stablecoin payment infrastructure.

The deal, made through Visa’s investment arm, Visa Ventures, shows the company’s growing confidence in blockchain-based payments, and stablecoins in particular, as the future of global finance.

While the exact investment amount hasn’t been disclosed, BVNK’s CEO, Jesse Hemson-Struthers, framed it as more than just funding. “This is a partnership,” he said, emphasizing that Visa’s decades of experience in global payments, combined with BVNK’s stablecoin technology, could unlock powerful new ways for businesses to move money in the digital economy.

Stablecoins, digital tokens pegged to stable value assets such as the US dollar, have gained much more attention for cross-border transactions, since they offer faster and cheaper transfers than traditional banking.

Visa’s head of products and partnerships, Rubail Birwadker, confirmed this change, stating that “stablecoins are fast becoming a part of global payment flows.” By backing BVNK, Visa is positioning itself while trying to get ahead of this evolution.

This deal comes just months after BVNK closed a 50 million SeriesB funding round in late 2024. which was led by Haun Ventures with participants like Coinbase Ventures and Tiger Global. The startup is now valued at around 750 million and is looking to expand to the U.S., where it hopes to acquire banking licenses to local businesses in order to serve them.

Meanwhile, this isn’t Visa’s first rodeo into digital assets. The company permitted instant deposits and withdrawals for Coinbase users with Visa debit cards last October, allowing seamless conversion from crypto to fiat currency.

Around the same time, the firm also launched the Visa Tokenized Asset Platform, designed to simplify the issuance and management of tokenized assets, including stablecoins and central bank digital currencies (CBDCs).

As regulators across the globe begin to examine stablecoins more closely, partnerships of this nature could prove to be crucial in determining the role that digital assets play in traditional finance.

Also read: Visa Stock Holds Strong at $332—Is More Upside Ahead?