Approved · Notification · Phase 1 · decided in 26 days, 10 June 2026
Mastercard, a global payments technology company, acquired BVNK Holdings Limited and B Corporation S.A.M (BVNK) via a share acquisition. BVNK provides stablecoin infrastructure services, enabling management of stablecoins and fiat currency. This combines traditional payments with cryptocurrency infrastructure.
Mastercard Incorporated International ( Mastercard ) through its subsidiary Ares UK Holdco 2 Limited proposes to acquire BVNK Holdings Limited and B Corporation S.A.M (together, BVNK ) from its current shareholders (the Acquisition ). Mastercard is a technology company in the global payments industry. Mastercard’s main activities include ownership and operation of payment card schemes and provision of switching services for card transactions. Mastercard provides a payments network to facilitate the switching of payment transactions in fiat, and offers payment capabilities that include automated clearing house transactions as well as other payment-related services. BVNK supplies stablecoin infrastructure services, by building and supplying infrastructure to enable customers to send, receive, convert, spend and earn stablecoins and 'fiat' currency across a variety of payment 'rails' and blockchains. Stablecoin is a type of cryptocurrency designed to keep a stable value, usually by being pegged to a traditional 'fiat' currency.