Visa Invests in BVNK, a Global Stablecoin Infrastructure Platform

Visa has invested in BVNKa global stablecoin infrastructure platform, as part of its broader strategy to expand its involvement in next-generation payment technologies.

This investment follows BVNK’s $50 million Series B funding round completed in December 2024, which saw participation from Haun Ventures, Coinbase Ventures, Scribble Ventures, DRW Venture Capital, Avenir, and Tiger Global among others.

“Stablecoins are fast becoming a part of global payment flows”

Commenting on the investment, Rubail Birwadker, Head of Growth Products and Partnerships at Visa, said: “We’re proud to support BVNK as they help accelerate global adoption of stablecoin payments. Stablecoins are fast becoming a part of global payment flows, and Visa invests in new technologies and builders like BVNK, staying at the forefront of what’s next in commerce to better serve our clients and partners.”

Highlighting the growing use of stablecoins in digital commerce, Visa Onchain Analytics clocked $27 trillion in global transaction volume across 1.25 billion transactions in 2024 alone.

Currently, BVNKh handles more than $12 billion annually for clients such as Ferrari and Rapyd, offering tools for businesses to send, receive, convert and store both stablecoins and fiat currency.

“Once-in-a-generation shift to a new foundational payment technology”

On welcoming Visa to the fold, Jesse Hemson Struthers, Co-Founder and CEO of BVNK, added: “We’re experiencing a once-in-a-generation shift to a new foundational payment technology, powered by stablecoins. At BVNK, we’re building the infrastructure to make these new rails accessible to businesses, empowering them to operate at the speed of today’s economy.

“We’re thrilled to welcome Visa – the original payments innovator – as an investor, and a partner in our mission to upgrade the global payment system.”

In 2025, BVNK began expanding into the U.S. with new offices in San Francisco and New York. The U.S. operations are being spearheeded by Amit Cheela, formerly of BlockFi, and Keith Vander Leest, formerly of Cross River. The company aims to further integrate stablecoin rails into mainstream payment operations as institutional demand continues to heat up.

This investment will enable Visa to capitalize on the unfolding infrastructure developments facilitating widespread stablecoin usage while simultaneously supporting enterprise adoption of faster, programmable, and borderless payment systems.

BVNK Integrated FDUSD

Recently, BVNKa partnership with First Digital to integrate First Digital USD (FDUSD), a USD-backed stablecoin, into its payment infrastructure. Fully backed by cash and cash equivalents held in U.S. holding accounts and subject to independent third-party audits, FDUSD offers deep liquidity and velocity for businesses seeking efficient and cost-effective digital payment solutions.