The capital will be used to expand BVNK’s operations to San Francisco and New York City in 2025.
Stablecoin infrastructure company BVNK closed a $50 million Series B funding round led by Haun Ventures, with plans to expand into the United States.
Participants in the round included Coinbase Ventures, Scribble Ventures, DRW VC, and existing investors Avenir and Tiger Global. According to a Dec. 17 announcement, the fresh capital will be used to expand BVNK’s operations to San Francisco and New York City.
Based in London, BVNK is now estimated to be worth about $750 million. Its US offices will develop a local banking infrastructure and work on operational licenses to serve local companies.
