Visa’s venture arm has invested in BVNK, a stablecoin infrastructure firm, to accelerate the development of global payment networks using blockchain-based currencies.
Stablecoin Infrastructure Firm BVNK Secures Visa Investment
The strategic investment, announced this week by BVNK CEO Jesse Hemson Struthers, follows BVNK’s $50 million Series B funding round in December 2024 led by Haun Ventures. Coinbase Ventures, Tiger Global, and others also participated. Visa did not disclose financial terms of the deal.
BVNK processes $12 billion in annualized stablecoin payment volumes, facilitating cross-border transactions for businesses. The company recently expanded into the U.S., opening offices in San Francisco and New York. Executives from Blockfi and Cross River Bank lead its stateside operations.
Rubail Binwadker, Visa’s head of growth products and partnerships, stated stablecoins are “fast becoming part of global payment flows,” emphasizing Visa’s focus on emerging payment technologies.
The partnership aims to merge Visa’s payment network expertise with BVNK’s automated stablecoin systems. Stablecoins, which are pegged to assets like the U.S. dollar, accounted for $27 trillion in global transaction volume across 1.25 billion transactions in 2025, per Visa data.
Struthers co-founded BVNK in 2021 to create infrastructure for instant, scalable transactions. The firm claims its technology reduces reliance on traditional correspondent banking. Visa’s investment adds to growing institutional interest in blockchain-based payment solutions this year.
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