Stablecoin infrastructure BVNK completes $50 million Series B financing, led by Haun Ventures

BlockBeats reported that on December 17, British stablecoin infrastructure company BVNK announced the completion of a $50 million Series B financing round with a valuation of $750 million, led by Haun Ventures, with participation from Coinbase Ventures and existing investor Tiger Global.

This investment follows the largest acquisition in the history of the crypto industry, when payment giant Stripe acquired stablecoin infrastructure startup Bridge for $1.1 billion in October. The deal attracted the attention of many investors and fintech operators who were previously skeptical of blockchain companies. Bridge announced a $58 million financing round two months ago, with participation from Haun Ventures and more pan-industry companies such as Sequoia, Ribbit and Index.