“The global payments firm previously held talks to acquire crypto payment infrastructure startup BNVK, according to reports.”, — write: www.coindesk.com
The global payments and card provider is in late stage talks and could pay $1.5 billion-$2 billion for the crypto firm, Fortune reported on Wednesday citing sources familiar with the matter. That comes as Mastercard might be losing out against Coinbase on bidding for crypto payments firm BVNK, the report added.
The news comes as stablecoins, or cryptocurrencies tied to fiat money like the US dollar, have emerged as the next frontier for global payment flows. These digital tokens aim to offer a cheaper, faster alternative to traditional rails by settling on blockchains, circumventing banks. Stablecoin payment volume could reach $1 trillion by 2030 with institutional adoption, FX settlement and cross-border flows driving growth, a report by Keyrock and Bitso this past summer projected.
Visa unveiled plans to launch its tokenization platform, helping banks to issue and handle stablecoins. Stripe, for example, acquired stablecoin infrastructure provider Bridge for $1.1 billion and wallet provider Privy, and is building its own blockchain rail with Paradigm.
Zero Hash, which specializes in providing stablecoin payment infrastructure, processed $2 billion in tokenized fund flows in the first four months of the year amid rising institutional demand for on-chain assets, the firm told Coindesk in April. The startup raised $104 million led by Interactive Brokers and Morgan Stanley in September.
Zero Hash did not immediately return a request for comment.
Read more: Investment Bank Mizuho Says Visa Is Becoming the ‘Stablecoin of Stablecoins’
Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.
View Full Report
The fund offers exposure to collateralized loan obligations, with onchain capital allocator Grove planning a $100 million anchor investment.
- Tokenization specialist Securitize debuts a new tokenized fund to bring AAA-rated collateralized loan obligations to the Ethereum blockchain.
- BNY will provide custody and fund services. Grove plans a $100 million anchor investment, pending governance approval.
- Securitize announced plans to go public as momentum for real-world asset tokenizations grows.
Read full story