Stablecoin infrastructure company BVNK completes $50 million funding round, led by Haun Ventures

according to Fortune, UK stablecoin infrastructure company BVNK has raised $50 million in a Series B funding round, led by the large cryptocurrency-focused fund Haun Ventures, with participation from Coinbase Ventures and existing investor Tiger Global.

According to a source familiar with the transaction, this funding round values BVNK at approximately $750 million.

According to the Web3 asset data platform RootData, BVNK provides banking services and payments for crypto-native businesses. Companies using BVNK can accept payments in both fiat and cryptocurrencies, hold hundreds of different currencies and crypto assets, and send funds worldwide.