Citi Ventures has announced a strategic investment in BVNK, a global stablecoin infrastructure platform, reinforcing the growing institutional focus on digital asset-based financial solutions.
This investment by Citi Ventures follows earlier backing from firms including Visa, Haun Ventures, and Tiger Global, signaling an industry-wide shift towards robust digital asset infrastructure. BVNK is positioned as a key player in this evolution, providing core services for stablecoin utilization.
Arvind Purushotham, Head of Citi Ventures, noted the increasing adoption of stablecoins for transaction settlement. “Stablecoins are seeing increased interest in use for settlement of on-chain and crypto asset transactions,” said Purushotham. He added, “We were impressed by BVNK’s enterprise-grade infrastructure, and their proven track record.”
BVNK’s platform currently processes over $20 billion annually, serving global enterprises and payment service providers. The company acts as a stablecoin infrastructure provider for industry leaders such as Worldpay, Flywire, and dLocal, offering a comprehensive solution for businesses engaging with stablecoins.
Jesse Hemson-Struthers, Co-Founder and CEO of BVNK, reiterated the company’s core objective. “This investment reinforces our mission to accelerate the global movement of money,” Hemson-Struthers stated. He further explained, “Our platform enables companies to harness stablecoins to move money quickly across borders and launch innovative financial products with enterprise-ready security and compliance.”
The investment occurs amidst increasing regulatory clarity for digital assets worldwide. Legislative frameworks, such as the GENIUS Act in the United States, are emerging to facilitate the issuance of stablecoins by regulated financial institutions like banks.
