TLDR:
- Coinbase and Mastercard compete to buy BVNK in a store valued between $ 1.5 billion and $ 2.5 billion.
- BVNK’s valuation has tripled in ten months after CITI’s latest investment round.
- BVNK supports $ 20 billion in payment volume and integrates Stablecoin and multi -chain payment system.
- Fortune Reports Coinbase currently has an advantage in the negotiations to acquire the London -based company.
The Crypto Payments race has recently intensified. Coin base And Mastercard is reportedly locked in a bid war to acquire the UK’s based Stablecoin infrastructure company BVNK.
The deal, valued between $ 1.5 billion and $ 2.5 billion, comes less than 24 hours after BVNK’s funding round with Citi. Fortune reported that Coinbase currently has an advantage in the ongoing talks. The move signals a rapid change in how traditional financial and crypto companies converge around Stablecoin payment rails.
BVNK draws billions of dollars after Citi Deal
According to a post shared by Simon Taylor (@sylylor), BVNK’s valuation has jumped two to three times within ten months.
The company collected $ 50 million in December 2024 at a $ 750 million valuation. Its latest investment from Citi on Thursday seems to have aroused immediate employment from two global giants. Last Friday, both Coinbase and Mastercard competed to secure a business worth as much as $ 2.5 billion.
The London-based company provides a platform that integrates custody, payments and Stablecoin infrastructure over multiple blockchains.
BVNK’s only API solution helps companies treat cross-border payments with real-time settlement. Taylor described BVNK as “intermediate programs” which allows companies to move large sums globally without having to crypto-in-born team.
Such functionality has made BVNK a key actor for companies who want adopt blockchain Without direct exposure.
The company’s last $ 20 billion total payment volume (TPV) milestone seems to have strengthened its market position. With more companies aimed at reducing delays in the settlement, BVNK’s appeal lies in bridging crypto and traditional finances.
Coinbase’s interest is suitable for its broader strategy for developing into Crypto’s corporate infrastructure. To acquire BVNK was able to place the exchange as a key provider of StableCoin-based payment services to global companies.
Coinbase vs Mastercard: Different strategies, same goals
Taylor suggested that Coinbase has a more natural synergy with BVNK’s model.
The exchange is already supporting Institutional crypto Onboarding and Treasury integration, making BVNK’s network a direct extension of its existing business services. This acquisition can speed up Coinbase’s displacement towards becoming what he described as “AWS of Crypto.”
Mastercard’s entry into the bidding process seems more strategic than operational. The payment company already runs Vocalink, the UK’s faster payment system, which provides the established infrastructure to support BVNK’s technology.
Still, analysts noted that MasterCard’s corporate structure can limit BVNK’s growth flexibility under its umbrella.
The timing of this potential business highlights how quickly the Stablecoin sector is developing. Traditional financial companies move to secure crypto-in-born infrastructure before competitors do.
For BVNK, the acquisition call signals an important moment when the company transfers from a start to a central player in Enterprise Blockchain payments.
The The final result remains uncertain, but Fortune’s reporting indicates that Coinbase is currently leading negotiations. About Mastercard Matches as an offer or step back can determine how the next phase of StableCecoin adoption is developed in company financing.
