Mastercard completes acquisition of BVNK to advance global stablecoin capabilities

Key Terms

stablecoins financial

Stablecoins are a type of digital currency designed to maintain a steady value, often linked to traditional currencies like the dollar or euro. They function like digital cash that offers the convenience of online transactions while avoiding the large price swings common with other cryptocurrencies. This stability makes them useful for investors and users who want a reliable way to store and transfer value without exposure to sudden market changes.

tokenized deposits financial

Digital tokens that represent traditional bank deposits held at a regulated institution, recorded on a blockchain-like system so each token is a claim on the underlying cash. They matter to investors because they can speed up transfers, enable new trading and lending services, and increase transparency much like converting paper money into an instantly transferable digital voucher, while still carrying banking and regulatory risks tied to the issuer.

on-chain payments technical

On-chain payments are transactions that are recorded directly on a blockchain ledger, where the transfer of digital tokens or value is written into a permanent, publicly viewable record. For investors this matters because on-chain payments change how quickly and transparently money moves, who controls custody, and how fees and risks are handled—similar to the difference between handing cash to a neighbor and writing a check into a shared, unchangeable log.

fiat financial

Fiat is government-issued money whose value comes from legal backing and public trust rather than a physical commodity like gold. Think of it as an official IOU that everyone agrees to accept for buying goods, paying debts and valuing assets. For investors, fiat matters because central bank decisions, inflation and currency stability directly affect returns, purchasing power and cross-border investment risk.

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Strengthens ability to connect digital assets and traditional payment rails, enabling secure, interoperable value exchange at scale

PURCHASE, N.Y.--(BUSINESS WIRE)-- Mastercard (NYSE: MA) today completed its acquisition of BVNK, expanding the company’s strategy to support greater choice in how people and businesses exchange value by enabling interoperability across fiat and digital currencies.

“Digital currencies — particularly stablecoins — are increasingly addressing real-world needs in areas like cross-border B2B payments, remittances, payouts, settlement and treasury flows,” said Jorn Lambert, chief product officer at Mastercard. “In a multi-money world where fiat, stablecoins and tokenized deposits and other forms of value coexist, the next payments paradigm will be defined by how effectively each rail, network or form of money connects and works together. By combining Mastercard’s global network with BVNK’s on-chain infrastructure and stablecoin-native technology, we can deliver a more efficient, trusted and seamless payment experience.”

BVNK provides the infrastructure that supports fiat and on-chain payments behind the scenes — enabling people, businesses and machines to hold, move, manage and convert value across fiat and digital currencies within a framework of security, compliance and interoperability.

Bringing BVNK’s technology and deep industry expertise together with Mastercard’s capabilities will help financial institutions, fintechs and enterprises scale use cases powered by stablecoins and tokenized assets — from cross-border B2B payments and payouts to settlement and treasury flows.

About Mastercard Incorporated (NYSE: MA), www.mastercard.com
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260803104450/en/

Investor Relations: Devin Corr, investor.relations@mastercard.com, 914-249-4565
Communications: Seth Eisen, seth.eisen@mastercard.com, 914-249-3153

Source: Mastercard Investor Relations