Citi Ventures has invested in stablecoin infrastructure startup BVNK, signaling Wall Street’s deepening embrace of digital assets. BVNK’s platform enables global stablecoin payments and fiat conversion, with its valuation now exceeding the $750M mark from its last funding round.

Citi Ventures, the venture arm of Citi, has made a strategic investment in BVNK, a UK-based stablecoin infrastructure provider that builds multi-rail payments systems for enterprises. The funding amount was not disclosed, but follows more than $90 million BVNK has previously raised from investors including Visa, Haun Ventures, and Tiger Global. BVNK’s latest financing places the company’s valuation above the roughly $750 million level implied in its prior funding round, according to coverage of the deal. The investment adds a major Wall Street bank to BVNK’s cap table and underscores growing institutional interest in stablecoin-based payment rails. BVNK provides a platform that lets businesses send, receive, exchange, and store stablecoins alongside fiat currencies, and connect to multiple payment rails and blockchains for cross-border transactions. The company processes more than $20 billion in annual volume for enterprises and payment service providers, and counts clients such as Worldpay, Deel, Flywire and dLocal. Citi Ventures framed the investment as part of a broader modernization of financial services and the shift toward 24/7 digital money, at a time when global stablecoin supply has surpassed $180 billion and on-chain settlement volumes reach trillions of dollars annually. The deal highlights how large banks are increasingly looking to partner with specialist fintechs to gain exposure to stablecoin infrastructure rather than building everything in-house, as regulatory frameworks for bank use of stablecoins continue to develop in major jurisdictions.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Citi Ventures Invests in BVNK to Power the Next Generation of ... (businesswire.com)
• BVNK Lands Funds from Citi Ventures for Stablecoin Infrastructure (finovate.com)
• Citi Ventures backs BVNK in strategic investment to scale stablecoin ... (bvnk.com)
• Investing in BVNK to support expansion of the 24/7 digital money ... (citi.com)
• Citi Ventures - Investing in the Future of Finance (citi.com)

Explore the topic

• Stablecoin Infrastructure
• Fiat
• Stablecoin Payments
• Valuation