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Cryptocurrency News Articles

Visa has been invested in bvnk, the world's most steady system

May 07, 2025 at 03:25 pm

Visa has been invested in bvnk, the world's most steady system

Visa joined a $100 million strategic investment in BVNK, a leading global institutional payments infrastructure platform, as part of its broader plans to expand into next-generation payments technology.

This investment follows up on BVNK’s $50 million B round of funding in December 2024, which saw participation from renowned investors including Haun Ventures, Coinbase Ventures, Scribble Ventures, DRW Venture Capital, Avenir, and Tiger Global.

“Stablecoins are rapidly becoming a key component of global payments infrastructure”

Rubail Birwadker, head of product growth and partnerships at Visa, stated, “We are excited to be investing in BVNK as they help facilitate the seamless integration of stablecoin payments on a global scale.”

Visa’s investment highlights the burgeoning role of stablecoins and digital assets in business. According to Visa Onchain Analytics, stablecoins facilitated $27 trillion in global business payments across 1.25 billion transactions in 2024.

Visa’s investment highlights the burgeoning role of stablecoins and digital assets in business. According to Visa Onchain Analytics, stablecoins facilitated $27 trillion in global business payments across 1.25 billion transactions in 2024.

Already processing over $12 billion annually for clients like Ferrari and Rapyd, BVNK provides businesses with the tools to send, receive, convert, and hold both stablecoins and fiat currency.

"A generational shift to new foundational payments technology"

Jesse Hemson Struthers, co-founder and CEO of BVNK, added, “We are in the midst of a generation-defining shift to new foundational payments technology, powered by stablecoins. At BVNK, we are building the infrastructure that allows businesses to rapidly deploy these new rails, providing them with the capabilities to operate in today’s rapidly evolving economies - a vision that aligns perfectly with Visa’s role as an investor, and we are aligned on the goal of advancing payments globally.”

In 2025, BVNK commenced expansion into the United States, setting up offices in San Francisco and New York. Leading the US operations is Amit Cheela, formerly of BlockFi, and Keith Vander Leest, previously with Cross River. The firm is focused on integrating more stablecoin avenues into core payments operations as company demand rises.

Visa’s investment will see the firm contribute to resource development and support the optimal use of stablecoins while facilitating institutional adoption of Point-of-Presence (PoP) licenses, programs, and no-counterparty systems for smoother cross-border payments.

BVNK Integrated FDUSD

Recently, BVNK partnered with First Digital to introduce First Digital USD (FDUSD), a USD-backed token, into its payments infrastructure.

Recently, BVNK partnered with First Digital to introduce First Digital USD (FDUSD), a USD-backed token, into its payments infrastructure.

FDUSD, fully backed by a diversified portfolio of U.S. Treasury bonds, liquid cash equivalents, and other low-risk assets held in a segregated trust account, offers substantial liquidity and rapid processing speeds, ideal for businesses seeking a reliable and efficient digital payment method.

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Other articles published on Jun 08, 2025