Mastercard’s BVNK Deal Puts Trade Finance Tokenization – and Solana – in Focus
Mastercard agreed to buy BVNK for up to $1.8 billion to expand stablecoin and blockchain payment infrastructure, the company said Tuesday. The deal follows recent corporate tests using stablecoins for insurance payments and trade finance, including pilots by Aon and Citi. Visa, Nasdaq, and ICE are also advancing blockchain and tokenization projects. Solana featured in several of the latest trials.