PANews reported on December 17 that according to Fortune magazine, British stablecoin infrastructure company BVNK successfully raised $50 million in all-equity Series B financing, led by Haun Ventures, a giant fund focused on cryptocurrencies, with participation from Coinbase Ventures and existing investor Tiger Global. According to people familiar with the matter, after this round of financing, BVNK's valuation is approximately $750 million. A BVNK spokesperson declined to comment on the valuation.

According to reports, although BVNK is opening offices in San Francisco and New York and plans to launch services in the United States in January, it has been focusing on the European and Asian markets. An important part of BVNK's value proposition lies in its licenses and relationships with financial institutions, which helps to enable the flow of funds between different fiat currencies. BVNK has a virtual asset service provider license in Spain, which enables BVNK to establish partnerships with several major European banks including Barclays, BBVA, Deutsche Bank and Santander.

Earlier in May, it was reported that BVNK completed a US$40 million Series A financing round with a valuation of US$340 million, led by Tiger Global .