BVNK

Fintech · Stablecoins · Payments

Acquisition

Mastercard closes $1.8B acquisition of stablecoin firm BVNK

The deal beats Stripe's $1.1B Bridge purchase, making it the largest stablecoin infrastructure acquisition to date.

• Mastercard has completed its acquisition of BVNK, a UK-based stablecoin infrastructure provider, in a deal worth up to $1.8 billion.
• BVNK builds behind-the-scenes infrastructure letting businesses hold, move, manage and convert value across fiat and on-chain currencies within a compliance framework.
• The deal comprises $1.5 billion in upfront consideration plus up to $300 million in contingent earnouts tied to performance targets.
• The acquisition was first announced in March 2026 and officially closed on August 3, 2026.
• The purchase surpasses Stripe's $1.1 billion acquisition of stablecoin platform Bridge, making it the largest stablecoin infrastructure deal to date.
• Mastercard's chief product officer Jorn Lambert said the deal aims to connect fiat, stablecoins and tokenized deposits so different payment rails can interoperate rather than compete.
• The deal signals incumbent card networks moving from stablecoin partnerships and pilots to owning the underlying infrastructure, betting that integration control matters more than neutrality as digital and traditional money converge.