Citi Ventures Backs BVNK Stablecoin Platform in Strategic Investment

Citi Ventures has taken a strategic position in BVNK, a stablecoin infrastructure provider, marking another institutional nod toward digital asset adoption. The MOVE follows prior investments from Visa, Haun Ventures, and Tiger Global in the London-based platform, which processes $20 billion annually for cross-border transactions.

BVNK's enterprise-grade rails enable businesses like Worldpay and Deel to leverage stablecoins for faster settlements. "This validates stablecoins' role in global payments," said CEO Jesse Hemson-Struthers, emphasizing the platform's compliance-first approach to bridging traditional and crypto finance.

Citi Ventures' Arvind Purushotham cited BVNK's proven transaction volume and regulatory alignment as key investment drivers. The deal coincides with growing legislative clarity, including July's GENIUS Act establishing federal oversight for payment stablecoins.