Overview
- Mastercard signed a definitive agreement to acquire London-based BVNK for up to $1.8 billion, including $300 million contingent on post‑close performance.
- The companies plan to add on‑chain rails to Mastercard’s network to enable faster, programmable settlement for cross‑border remittances, B2B payments and payouts.
- BVNK’s platform supports transactions across all major blockchain networks in more than 130 countries and counts enterprises such as Worldpay, Deel and Flywire as customers.
- Closing is targeted before year‑end 2026 and remains subject to regulatory review and other customary conditions.
- The deal follows a collapsed ~$2 billion takeover discussion with Coinbase and tracks broader industry moves by rivals like Visa and Stripe to secure stablecoin infrastructure.