Jorn Lambert, Mastercard’s chief product officer, said the company expects financial institutions and fintech firms to increasingly offer digital currency services. “We want to support them and their customers with a best-in-class, highly compliant, interoperable offering that brings the benefits of tokenized money to the real world,” Lambert said, adding that integrating on-chain rails could improve transaction speed and programmability.
Jesse Hemson-Struthers, BVNK’s co-founder and CEO, said the combination of the two companies’ capabilities would help expand the use of digital currency-based financial services. “Together, we’re able to deliver an unprecedented infrastructure for digital currency-based financial services,” he said.
FAQ What is BVNK?BVNK is a London-based company that provides infrastructure for businesses to send and receive stablecoin payments across global blockchain networks. How much is Mastercard paying for BVNK?The deal is valued at up to $1.8 billion, including up to $300 million in performance-based payments. Why is Mastercard acquiring BVNK?Mastercard aims to integrate stablecoins and tokenized assets into its payment network to improve cross-border and digital transactions. When will the Mastercard-BVNK deal close?The transaction is expected to close before the end of 2026, subject to regulatory approvals and standard conditions.
