{"id":12955,"date":"2025-10-09T09:38:12","date_gmt":"2025-10-09T09:38:12","guid":{"rendered":"https:\/\/bitunikey.com\/news\/citi-invests-in-stablecoin-infrastructure-firm-bvnk-as-u-s-banks-deepen-crypto-exposure\/"},"modified":"2025-10-09T09:38:15","modified_gmt":"2025-10-09T09:38:15","slug":"citi-invests-in-stablecoin-infrastructure-firm-bvnk-as-u-s-banks-deepen-crypto-exposure","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/citi-invests-in-stablecoin-infrastructure-firm-bvnk-as-u-s-banks-deepen-crypto-exposure\/","title":{"rendered":"Citi invests in stablecoin infrastructure firm BVNK as U.S. banks deepen crypto exposure"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Citi Ventures has made a strategic investment in stablecoin infrastructure company BVNK, which now has a valuation exceeding $750 million.<\/p>\n<div id=\"cn-block-summary-block_d17db83f102e1be1499091185ce305d3\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Previously backed by Coinbase and Tiger Global, BVNK\u2019s platform serves as a payments rail for stablecoins, enabling fast and seamless cross-border transactions.<\/li>\n<li>Citi\u2019s investment amount was undisclosed, and BVNK described its specific plans with Citi as \u201ctoo early to announce.\u201d<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">BVNK secures Citi Ventures backing, valuation tops $750M<\/h2>\n<p>Citi Ventures, the venture capital arm of Citigroup, has made a strategic investment in stablecoin infrastructure company BVNK. The amount of Citi\u2019s investment was not disclosed, but BVNK co-founder Chris Harmse confirmed in an <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/10\/09\/biti-bvnk-stablecoin-banks-crypto.html\" target=\"_blank\" rel=\"nofollow\">interview with CNBC<\/a> that the company\u2019s valuation now exceeds the $750 million mark from its previous funding round.<\/p>\n<p>BVNK\u2019s platform acts as a payments rail for stablecoin transactions, allowing clients to move seamlessly between fiat and digital currencies. The firm\u2019s technology can be used by companies to pay suppliers, contractors, or merchants across borders, with growing interest from digital-only and neobanks seeking to integrate stablecoins into core financial services such as checking accounts.<\/p>\n<p>According to Harmse, the company\u2019s services are gaining traction in the U.S., its fastest-growing market over the past 12 to 18 months, amid what the industry views as a more favorable regulatory environment following the GENIUS Act, a new framework providing clarity for stablecoin operations.<\/p>\n<p>\u201cU.S. banks at the scale of Citi, because of the GENIUS Act, are putting their\u00a0weight behind \u2026 investing in leading businesses in the space to make sure they are at forefront of this technological shift in payments,\u201d Harmse said.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Citi\u2019s investment comes despite BVNK having \u201cdipped in and out of profitability\u201d in recent years. However, Harmse said the company expects to be profitable next year. <\/p>\n<p>The firm is also backed by Coinbase and Tiger Global, positioning it among a competitive field that includes Alchemy Pay, TripleA, and Ripple, all vying for dominance in blockchain-based global payments.<\/p>\n<p>While BVNK did not elaborate on specific plans with Citi, Harmse described the collaboration as \u201ctoo early to announce,\u201d adding that the Wall Street bank has been expanding its cross-border payments capabilities. Citi\u2019s move follows CEO Jane Fraser\u2019s June comments that the bank is exploring the issuance of its own stablecoin and considering crypto asset custody services.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Citi Ventures has made a strategic investment in stablecoin infrastructure company BVNK, which now has a valuation exceeding $750 million. Summary Previously backed by Coinbase and Tiger Global, BVNK\u2019s platform&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12955"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12955\/revisions"}],"predecessor-version":[{"id":12957,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12955\/revisions\/12957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12956"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}