Catenaa, Wednesday, October 15, 2025-Citi Ventures has taken a strategic stake in BVNK, a London-based stablecoin infrastructure provider, deepening Wall Street’s move toward tokenized payments and blockchain-based settlement.
BVNK said its platform now processes more than $20 billion in annual transaction volume and supports stablecoin payment rails for clients including Worldpay, Flywire, and dLocal.
Citi did not disclose the investment amount but said the deal reflects growing demand for regulated digital dollar systems among major banks and payment processors.
Arvind Purushotham, head of Citi Ventures, said the bank sees increasing institutional adoption of stablecoins for onchain and crypto asset transactions.
The investment follows passage of the GENIUS Act in July, which established a US federal framework for payment stablecoins. The Treasury Department has begun seeking public input on implementation measures.
The lender has also explored stablecoin-linked custody and settlement tools, alongside crypto exchange-traded fund infrastructure.
Citi joins a growing list of banks advancing stablecoin initiatives. In May, JPMorgan, Bank of America, and Citigroup reportedly held talks about a joint stablecoin venture to streamline dollar settlements.
Citi Research recently raised its 2030 forecast for stablecoin issuance to $1.9 trillion, underscoring the sector’s rapid growth potential.
