Crypto Bank BVNK Expands to US After Raising $50 Million
Stablecoin payments infrastructure firm BVNK is expanding to the U.S. after raising $50 million.
The company’s Series B round, announced Tuesday (Dec. 17), was led by Haun Ventures, with participation from Coinbase Ventures, Scribble Ventures, DRW VC and existing investors Avenir and Tiger Global.
As part of the funding round, the company is opening an office in San Francisco and “establishing a presence” in New York City, BVNK said in a news release.
The London-based company said it has spent the last year building out its team in the U.S. developing local banking infrastructure, and obtaining operational licenses to serve U.S. businesses that want to delve into the world of stablecoin payments.
“Stablecoins are…
