In brief: Mastercard is about to get hold of BVNK to speed up on-chain payments

Mastercard A new milestone in digital payments with the announcement of the acquisition of BVNK, young player specializing in stable infrastructure. The transaction, estimated at up to $1.8 billion, will enable the US scheme to integrate on-chain payment lines into its global network.

Mastercard has therefore announced the signing of an agreement to acquire BVNK for an amount of $1.8 billion. By relying on BVNK, Mastercard is more firmly positioned on emerging uses related to stablecoins and tokenized deposits; two areas which are attracting more and more banks and fintechs, in a context Developments regulatory frameworks.

The challenge here is twofold: to meet the growing demand of banks as well as fintechs, who want to offer services around stablecoins and tokenised deposits, and also to prepare the emergence of new cases of use, including faster cross-border payments, programmable flows or automated B2B.

Founded in 2021, BVNK has developed a platform for processing payments on major blockchain networks in more than 130 countries. Its integration must offer greater interoperability between traditional systems and new forms of digital currency.

The completion of the operation is expected by the end of the year, subject to regulatory approvals. This acquisition is part of Mastercard's broader strategy of preparing the next generation of payments and providing unified access to the various rails, whether fiduciary or tokenized.

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