Coinbase and Mastercard in Advanced Talks to Acquire BVNK in $2 Billion Deal
Coinbase and Mastercard are reportedly in advanced negotiations to acquire BVNK, a London-based stablecoin infrastructure provider, in a deal valued at approximately $2 billion, according to an exclusive report from Fortune. The potential acquisition underscores the growing convergence between traditional financial institutions and digital asset platforms as both sectors race to secure a foothold in blockchain-based payments and settlement answers.
Sources close to the matter told Fortune that discussions between the two companies and BVNK have reached late-stage negotiations, though no final agreement has been signed. Neither Coinbase nor Mastercard has issued an official statement confirming the talks, and there have been no regulatory filings or press releases as of Thursday. The reported deal remains subject to final approvals and due diligence.
Founded in 2021, BVNK has rapidly emerged as a leading player in stablecoin infrastructure, providing businesses with technology to issue, manage, and transact in stablecoins across multiple blockchain networks. Its platform assists bridge the gap between traditional finance and decentralized finance (DeFi), enabling companies to integrate digital asset payments and settlements seamlessly. Earlier this week, BVNK received strategic investment from Citi Ventures, further validating its position within the growing fintech and blockchain ecosystem.
Strategic implications for Coinbase and Mastercard
For Coinbase, the acquisition of BVNK would represent a significant expansion of its institutional services and on-chain infrastructure capabilities. It would enable the U.S.-based platform to deepen its role in stablecoin issuance and global payment settlement. Coinbase has already established itself as a critical player in the stablecoin market through its partnership with Circle, the issuer of USD Coin (USDC). By acquiring BVNK, Coinbase could enhance its ability to facilitate cross-border payments, improve liquidity efficiency, and expand its influence in the enterprise blockchain market.
Mastercard’s potential involvement highlights its ongoing strategy to modernize payment rails through blockchain integration. The global payments company has been exploring tokenized payment systems, central bank digital currency (CBDC) pilots, and partnerships with crypto firms to enable secure, compliant digital asset transactions. By acquiring BVNK, Mastercard could leverage its infrastructure to offer real-time settlement, improve cross-border efficiency, and expand its suite of blockchain-enabled payment answers.
Market and industry impact
Analysts suggest that a joint acquisition of BVNK by Coinbase and Mastercard would mark a watershed moment in the collaboration between traditional finance and the digital asset industry. Such a move would demonstrate that major financial institutions view blockchain-based infrastructure not as competition but as the foundation for the next generation of global payments.
If completed, this would be one of the largest acquisitions in the stablecoin infrastructure sector to date, signaling the growing strategic importance of on-chain settlement technologies. It would also place BVNK, a relatively young company, at the center of one of the most significant fintech deals of the year.
As the digital payments landscape continues to evolve, the partnership between Coinbase and Mastercard—if finalized—could redefine how traditional financial systems interact with blockchain technology, setting the stage for a more integrated and compliant on-chain financial ecosystem.
