Capital One to Acquire Fintech Firm Brex in $5.15B Deal, Expanding Stablecoin Infrastructure
Capital One Financial Corp. has agreed to acquire Brex Inc. in a $5.15 billion all-stock transaction, marking one of the largest fintech acquisitions since 2024. The deal grants the Virginia-based bank control of Brex's corporate payment systems and proprietary stablecoin settlement technology.
The acquisition accelerates Capital One's push into blockchain-enabled B2B payments as traditional banks face mounting competition from fintech rivals. "This positions us at the convergence of regulated finance and decentralized payment rails," said CEO Richard Fairbank in a statement accompanying Thursday's announcement.
Brex's valuation reflects growing institutional demand for stablecoin infrastructure following recent regulatory clarity from U.S. policymakers. The San Francisco-based startup had quietly developed dollar-pegged payment solutions alongside its Core expense management products.
