The deal includes $300 million in contingent payments. It is expected to be completed by the end of the year, pending regulatory approval and the fulfillment of other standard conditions. Mastercard anticipates that most financial companies will offer services in the digital currency sector, including stablecoins and tokenized deposits. Therefore, they aim to provide the best services in the sector that meet regulatory requirements.
BVNK provides infrastructure that enables businesses to send and receive payments via blockchain in over 130 countries. Their platform is designed to connect fiat and stablecoins, making it suitable for cross-border payments, payouts, and business transactions.
In November 2025, Coinbase and BVNK mutually abandoned a deal to acquire the company for $2 billion. However, the parties did not disclose further details.