Finance
What to know:
- The venture arm of the venerable Citigroup has made a strategic foray into BVNK, a platform esteemed for its stablecoin payments.
- Citi Ventures now glitters in partnership with Visa, after the payments magnate lent its own support to BVNK in May of this year.
- The exact sum of the investment remains a matter of discretion.
- The ascent of the stablecoin sphere has been among the more conspicuous trends in the digital asset theatre, aided in part by the establishment of formal regulatory regimes in places such as the United States and Hong Kong.
- These breezes have afforded a favorable wind to investments from the most venerable houses of TradFi, including Citi and Visa.
- BVNK processes over $20 billion in payments annually and counts Worldpay, Flywire and dLocal among its clients, according to the proclamation on Thursday.
One must needs observe that the venture arm of the United States’ great house Citigroup invests with a propriety most becoming in stability, and has chosen BVNK, a platform famed for the gentle art of stablecoin payments, for its latest alliance.
Citi Ventures now aligns itself with Visa in supporting BVNK, following the payments giant’s own kindred investment in May of this year.
The exact quantity of coin committed to BVNK remains undisclosed, a secrecy as tidy as any lady’s bonnet strings.
The rise of stablecoins has proven to be a remarkably notable trend within the digital asset circle over the past year, aided, as if by mere good fortune, by the introduction of formal regulatory regimes in jurisdictions such as the United States and Hong Kong.
This, indeed, has furnished a pleasant tailwind to investments from the grand financiers of TradFi, such as Citi and Visa.
BVNK processes over $20 billion in payments annually and numbers among its clients such esteemed establishments as Worldpay, Flywire and dLocal, as per the notice issued on Thursday.
“Stablecoins are seeing increased interest in use for settlement of on-chain and crypto asset transactions,” remarked Arvind Purushotham, head of Citi Ventures, with a tone that suggests both propriety and a hint of irony at the speed of modern commerce. 🙂🤝💼
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2025-10-09 14:03