BVNK, a global stablecoin infrastructure platform that enables enterprises and payment providers to move money seamlessly using digital assets, has secured a strategic investment from Citi Ventures.
The latest investment from Citi Ventures adds to BVNK’s list of high-profile backers, including Visa, Haun Ventures and Tiger Global.
BVNK provides a full-stack solution that supports businesses in integrating stablecoins into their operations. The platform processes over $20bn in transactions each year for global enterprises and payment service providers.
Notably, BVNK acts as the stablecoin infrastructure provider for leading firms such as Worldpay, Flywire and dLocal.
Citi Ventures head Arvind Purushotham said, “Stablecoins are seeing increased interest in use for settlement of on-chain and crypto asset transactions. We were impressed by BVNK’s enterprise-grade infrastructure, and their proven track record.”
BVNK co-founder and CEO Jesse Hemson-Struthers said, “This investment reinforces our mission to accelerate the global movement of money.
“Our platform enables companies to harness stablecoins to move money quickly across borders and launch innovative financial products with enterprise-ready security and compliance.”
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