Skadden is advising stablecoin infrastructure platform BVNK on its acquisition by Mastercard for up to $1.8 billion, including $300 million in contingent payments. BVNK will facilitate stablecoin functionality for Mastercard’s payment endpoints.
BVNK has established infrastructure to bridge between fiat and stablecoins. The platform enables sending and receiving payments on all major blockchain networks across more than 130 countries.
The Skadden team includes Denis Klimentchenko, Lorenzo Corte, Patrick O’Gara, Deborah Kirk and Sebastian Barling.