Mastercard closes $1.8B deal for stablecoin firm BVNK

Mastercard completed its $1.8 billion acquisition of BVNK on Monday, moving to connect stablecoins and other tokenized assets with traditional fiat rails for banks, fintechs and enterprises.

The agreement, reached in March, values BVNK at up to $1.8 billion, including $300 million in contingent consideration. BVNK confirmed it is now part of Mastercard and said existing customers can continue using the same teams, products and integrations without taking any action.

The two companies plan to combine Mastercard’s global payments network with BVNK’s onchain infrastructure so institutions can move value between tokenized assets and conventional currencies. The firms intend the combined offering to support a range of use cases including cross-border business payments, merchant settlement, payroll and corporate treasury flows.

Under the planned integration, banks could offer stablecoin payment services and link customer accounts to digital wallets. Payment providers may be able to settle merchant transactions around the clock using tokenized rails, and corporate treasuries could use stablecoins for faster liquidity management and settlement across borders.

Mastercard described the deal as a way to extend its card and transfer services into onchain systems, which the company says could speed settlement times and broaden international fund transfers. BVNK noted Mastercard’s global reach should expand the distribution of its card and transfer capabilities.

The acquisition follows earlier talks between BVNK and a crypto exchange over a proposed $2 billion transaction that was abandoned in November 2025 after due diligence. Mastercard’s purchase brings BVNK’s technology and staff into a large incumbent payments firm rather than a crypto-native exchange.

Both companies said they will begin integrating BVNK’s onchain systems with Mastercard’s network and partner ecosystem to offer new rails for payments and settlement. They did not provide a public timeline for the integration or for new product launches.