Citigroup

Citigroup has made a strategic investment in BVNK, a fintech startup specializing in stablecoin infrastructure, signaling growing institutional adoption of digital assets. BVNK provides payment infrastructure for global stablecoin transactions, facilitating seamless capital movement between fiat and cryptocurrencies. BVNK’s valuation exceeds $750 million. The investment, channeled through Citi Ventures, highlights Citi’s commitment to fintech innovation. BVNK is experiencing growth in the U.S., driven by a supportive regulatory environment. Other banks are also exploring stablecoins and blockchain, indicating Wall Street’s increasing embrace of crypto.