Mastercard has completed the acquisition of BVNK, continuing its strategy to expand choice for people and businesses in transferring and exchanging value by enabling interoperability between traditional and digital currencies.
"Digital currencies, especially stablecoins, are increasingly being used to solve real-world problems, including cross-border B2B payments, remittances, payouts, settlements, and treasury management," said Jorn Lambert, Chief Product Officer at Mastercard. "In a world where traditional currencies, stablecoins, tokenized deposits, and other forms of value coexist, the next era of payments will be defined by how effectively different payment channels, networks, and forms of money can interact with each other. By combining Mastercard's global network with BVNK's blockchain infrastructure and its technologies built for stablecoins from the ground up, we can make payments more efficient, reliable, and convenient."
BVNK provides infrastructure that enables traditional and blockchain payments at the technology level. Its solutions allow individuals, companies, and automated systems to store, transfer, manage, and convert funds between traditional and digital currencies while meeting security, regulatory, and interoperability requirements.
The combination of BVNK's technology and deep industry expertise with Mastercard's capabilities will help financial institutions, fintech companies, and large enterprises scale stablecoin and tokenized asset solutions—from cross-border B2B payments and payouts to settlements and treasury management.
