Wall Street is making its move into the blockchain era. Citigroup’s venture arm, Citi Ventures, has invested in stablecoin firm BVNK, a London-based company building infrastructure for digital payments. The move reflects growing confidence among major financial institutions that stablecoins are more than a trend—they could reshape global finance.
BVNK’s rapid growth
According to CNBC, the investment amount hasn’t been disclosed, but BVNK co-founder Chris Harmse confirmed that the company’s valuation now surpasses $750 million, up from its previous funding round. With backers like Coinbase and Tiger Global, BVNK is seeing its strongest expansion in the U.S. Harmse attributes this growth to new regulatory clarity, particularly the GENIUS Act, which provides a clearer framework for stablecoins. “There’s been a surge in demand for reliable stablecoin infrastructure,” he said.
Part of Citi’s bigger crypto strategy
This investment aligns with Citi’s stablecoin investment goals and the bank’s broader crypto plans. In July, CEO Jane Fraser hinted at a potential Citi-backed stablecoin and crypto custody services, underscoring the bank’s bullish stance on digital assets. Citi estimates the stablecoin market could reach $4 trillion by 2030. Earlier in 2025, Visa Ventures also invested in BVNK, signaling a wider institutional embrace of blockchain solutions.
Regulatory momentum
The push into stablecoins comes as regulators, like the Bank of England, review corporate limits on stablecoin holdings. For Citi and BVNK, this backing is a strategic play—positioning them at the forefront of digital payments, blending traditional banking trust with cutting-edge blockchain technology.
