Home / Business and Economy / Coinbase and Mastercard Vie for $1.5B-$2.5B Acquisition of Stablecoin Startup BVNK
Coinbase and Mastercard Vie for $1.5B-$2.5B Acquisition of Stablecoin Startup BVNK
10 Oct
Summary
- Coinbase and Mastercard in advanced talks to acquire BVNK, a London-based fintech
- BVNK valued between $1.5 billion and $2.5 billion, up from $750 million last round
- Acquisition would be largest ever tied to stablecoin infrastructure
As of October 11th, 2025, Coinbase and Mastercard are engaged in advanced talks to acquire BVNK, a London-based fintech company that specializes in building infrastructure for using and moving stablecoins. According to sources, the deal could value BVNK between $1.5 billion and $2.5 billion, a significant increase from its last funding round when it was reportedly valued around $750 million.
The potential acquisition underscores the intense competition between traditional financial giants and cryptocurrency firms to shape the future of digital payments. If the deal goes through, it would be the largest acquisition ever tied to stablecoin infrastructure. BVNK, which counts major banks and fintechs among its partners, provides enterprise-grade systems that allow businesses to send, receive, and manage payments using stablecoins.
The company recently announced a new investment from Citi, though the amount was not disclosed. BVNK's co-founder, Chris Harmse, told CNBC that the company's valuation has climbed past its last funding round as interest in the stablecoin space heats up. While the deal is not finalized yet, sources indicate that Coinbase currently has the edge over Mastercard in the bidding process.
