Citi backs stablecoin firm BVNK as Wall Street warms to crypto

**Citi Ventures Invests in Stablecoin Infrastructure Startup BVNK as Wall Street Embraces Cryptocurrency**

Major financial institution Citi has made a strategic investment in stablecoin infrastructure firm BVNK through its venture capital arm, Citi Ventures, signaling Wall Street's growing acceptance of digital assets and blockchain technology. This undisclosed funding round highlights the increasing institutional adoption of cryptocurrency infrastructure, particularly in the rapidly expanding stablecoin market.

BVNK's stablecoin platform provides critical blockchain infrastructure services, positioning the startup at the intersection of traditional finance and decentralized finance (DeFi). The investment reflects Citi's broader cryptocurrency strategy and demonstrates how legacy banking institutions are actively seeking exposure to Bitcoin and digital asset ecosystems.

This funding comes amid surging demand for stablecoin solutions, which serve as crucial bridges between fiat currencies and cryptocurrency markets. Wall Street's warming sentiment toward crypto infrastructure investments could accelerate mainstream adoption of digital assets, potentially impacting Bitcoin prices and broader cryptocurrency market dynamics. The partnership between Citi and BVNK represents a significant milestone in bridging traditional banking with innovative blockchain technology, suggesting continued institutional investment in the cryptocurrency sector.