Citigroup backs BVNK to expand stablecoin platform
Citigroup invested in stablecoin infrastructure provider BVNK. The bank announced the investment on October 9, 2025, as part of a funding round to scale BVNK's platform.
Citi said the partnership will support on-chain payment systems and expand access to tokenized financial services. The bank has been testing blockchain settlement through its Citi Token Services initiative, which lets clients move tokenized deposits and execute programmable payments across Citi's network.
BVNK operates a payment network that connects traditional banking with blockchain settlement. The platform lets businesses use stablecoins for cross-border payments and liquidity management while meeting financial regulations.
A BVNK spokesperson said the funding will speed up partnerships with global banks and payment providers as the company expands into new jurisdictions. BVNK currently supports multiple stablecoins, including USDC and USDT. The firm is developing infrastructure for regulated bank-issued tokens.
Other major banks have launched similar products. JPMorgan and HSBC recently introduced blockchain-based deposit tokens for their clients. A consortium of nine European banks is working on a euro-denominated stablecoin under MiCA compliance.
BVNK is headquartered in London and serves clients across 120 countries. The UK Financial Conduct Authority regulates the company. BVNK said the new capital will strengthen its compliance framework and enhance liquidity coverage for institutional users seeking stablecoin settlement options.
The amount of Citi's investment was not disclosed. BVNK did not specify which other investors participated in the funding round or the total amount raised.
A BVNK spokesperson said the funding will speed up partnerships with global banks and payment providers as the company expands into new jurisdictions. BVNK currently supports multiple stablecoins, including USDC and USDT. The firm is developing infrastructure for regulated bank-issued tokens.
Other major banks have launched similar products. JPMorgan and HSBC recently introduced blockchain-based deposit tokens for their clients. A consortium of nine European banks is working on a euro-denominated stablecoin under MiCA compliance.
BVNK is headquartered in London and serves clients across 120 countries. The UK Financial Conduct Authority regulates the company. BVNK said the new capital will strengthen its compliance framework and enhance liquidity coverage for institutional users seeking stablecoin settlement options.
The amount of Citi's investment was not disclosed. BVNK did not specify which other investors participated in the funding round or the total amount raised.
Author
Sebile Fane cut her teeth in blockchain by building tiny NFT experiments with friends in her living room, long before the buzzwords took hold. She’s driven by a curiosity for the human stories behind smart contracts — whether it’s a small-town artist minting her first token or a DAO voting on climate grants — and weaves technical insight with genuine empathy.
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