BVNK Gains US$50 Million to Accelerate Development of Stablecoin Payments Across the American Market

Introduction

Coinbase Ventures participates in the Series B round of a UK fintech company, which is led by Haun Ventures, as global stablecoin transaction volumes surpass US$24 trillion. BVNK, a provider of stablecoin payments infrastructure, has secured US$50 million in Series B funding to extend its operations in the United States. This development indicates a growing interest among institutions in digital currency payment solutions. The funding will be utilized by the London-based company to establish facilities in San Francisco and New York, where it processes stablecoin transactions for businesses. The round was spearheaded by Haun Ventures, with existing investors Avenir and Tiger Global, as well as Coinbase Ventures, Scribble Ventures, and DRW VC. Since its Series A round in 2022, BVNK has processed over $10 billion in annualized payment volumes, a 200% year-over-year increase.

The company offers infrastructure that enables businesses to transmit, receive, and store stablecoins, which are digital currencies that are intended to maintain a consistent value by being pegged to traditional currencies such as the US dollar. In order to enhance its access to significant stablecoins, the organization has formed partnerships with PayPal, Circle (the issuer of USDC stablecoin), and First Digital. Global payroll provider Deel, payments company Rapyd, and merchant services firm Trust Payments comprise its clientele.

BVNK introduced Layer1, a software solution that enables enterprises to internally administer stablecoin payments, earlier this year. The platform’s objective is to provide businesses with alternatives to conventional payment systems, such as Swift, for cross-border transactions. The stablecoin market has experienced substantial growth, with a total of US$24 trillion in transactions processed globally in 2024. Of this amount, US$5.2 trillion was expressly allocated for payments, which is three times the volume processed by PayPal.

Stripe’s acquisition of a stablecoin for US$1 billion and Visa’s development of a tokenization platform are examples of the sector’s growing involvement by major financial services firms.

As regulatory frameworks for stablecoins continue to evolve, BVNK is expanding into the US market.

The organization has made substantial investments in the development of local banking infrastructure and the acquisition of operational licenses to provide services to businesses in the United States.

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Industry Comments

“Stablecoins are redefining how money moves across the world—faster, more cost-efficient, and with fewer barriers” Jesse Hemson-Struthers, CEO and Co-founder of BVNK.

Jesse Hemson-Struthers, CEO and Co-founder of BVNK, says: “Stablecoins are redefining how money moves across the world—faster, more cost-efficient, and with fewer barriers.

“At BVNK, we’re building the infrastructure to make these new rails accessible to businesses everywhere, empowering them to operate at the speed of today’s economy.”

Coinbase Ventures, the investment arm of cryptocurrency exchange Coinbase, views the investment as strategic for expanding stablecoin adoption.

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FAQs

1. What is the significance of BVNK’s Series B funding round?
BVNK’s Series B funding round, amounting to US$50 million, highlights the increasing institutional interest in stablecoin payment solutions. Led by Haun Ventures, the round also saw participation from prominent investors like Coinbase Ventures, Avenir, Tiger Global, Scribble Ventures, and DRW VC. The funds will help BVNK establish facilities in the US, further expanding its operations and catering to the growing demand for digital currency payment infrastructure. This milestone reflects the rapid evolution of stablecoin use in business payments.

2. What role does BVNK play in the stablecoin ecosystem?
BVNK provides infrastructure for businesses to send, receive, and store stablecoins, offering a reliable alternative to traditional payment systems like Swift. Stablecoins, pegged to currencies such as the US dollar, enable stable value transfers. BVNK’s partnerships with industry leaders like PayPal and Circle, and its clientele, including Deel and Rapyd, demonstrate its commitment to facilitating seamless global transactions. Its Layer1 software empowers enterprises with internal stablecoin payment management solutions.

3. How is BVNK contributing to stablecoin adoption in the US market?
To enhance stablecoin adoption in the US, BVNK is investing in local banking infrastructure and acquiring operational licenses. With plans to establish facilities in San Francisco and New York, the company aims to provide businesses with efficient stablecoin transaction solutions. By fostering partnerships with key players in the industry, BVNK is aligning itself with regulatory frameworks and addressing the growing institutional demand for digital currency payment systems.

4. What are the broader implications of stablecoin growth for the financial sector?
The stablecoin market’s global transaction volume, surpassing US$24 trillion in 2024, underscores its transformative impact on the financial sector. With US$5.2 trillion allocated to payments, triple PayPal’s volume, stablecoins are gaining traction as an efficient alternative for cross-border transactions. Major financial firms like Stripe and Visa are actively investing in this space, signaling the potential for widespread adoption. Regulatory advancements further solidify the role of stablecoins in modernizing payment systems.

Conclusion

BVNK’s US$50 million Series B funding, led by Haun Ventures and supported by prominent investors, underscores the escalating institutional interest in stablecoin payment solutions. The company’s plans to establish facilities in the US, a critical market for digital currency adoption, align with its mission to revolutionize cross-border payments. By partnering with industry leaders like PayPal and Circle and launching innovative solutions like Layer1, BVNK is positioning itself as a pioneer in stablecoin infrastructure.

The global stablecoin market, with transaction volumes exceeding US$24 trillion, demonstrates its substantial influence on the financial sector. As regulatory frameworks evolve, institutions are increasingly integrating stablecoins into their operations. BVNK’s expansion, alongside investments from major players like Stripe and Visa, highlights the sector’s growth potential.

As stablecoins continue to reshape traditional payment methods, companies like BVNK are at the forefront of this transformation, offering businesses efficient, scalable, and secure payment alternatives. With a commitment to innovation and compliance, BVNK is poised to play a pivotal role in the next phase of financial evolution.

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