Capital One Agrees to Acquire Technology and Stablecoin Firm Brex in $5.15B Deal
Capital One has agreed to purchase fintech agency Brex in a deal valued at $5.15 billion, marking one of many largest fintech transactions in latest years and signaling the financial institution’s rising curiosity in stablecoin-based funds.
Key Takeaways:
- Capital One will purchase Brex for $5.15 billion, gaining its funds expertise and stablecoin infrastructure.
- The deal strengthens Capital One’s push into enterprise funds as competitors from fintech corporations intensifies.
- Growing regulatory readability and market progress are driving banks to discover stablecoins for mainstream funds.
The US banking big said on Thursday that the transaction can be structured as a mix of money and inventory and is anticipated to shut in mid-2026, topic to regulatory approvals and customary closing situations.
As a part of the deal, Capital One will soak up Brex’s funds expertise, together with its stablecoin infrastructure.
Capital One Says Brex Deal Accelerates Push Into Business Payments
“Since our founding, we set out to construct a funds firm on the frontier of the expertise revolution,” Capital One founder and CEO Richard Fairbank mentioned in an announcement.
He added that the acquisition would speed up the financial institution’s push into enterprise funds, an space the place competitors from fintech corporations has intensified.
Brex, finest recognized for its company playing cards and spend administration instruments, has more and more positioned itself on the intersection of conventional finance and crypto.
In October, the corporate introduced plans to develop into the primary international company card supplier to help native stablecoin funds, starting with USDC.
That transfer positioned Brex amongst a small however rising group of fintech corporations experimenting with blockchain-based settlement for on a regular basis enterprise transactions.
Brex co-founder and CEO Pedro Franceschi mentioned he would proceed to lead the corporate following the acquisition.
Writing on X, Franceschi mentioned the deal would permit each corporations to transfer quicker and make investments extra deeply, bringing expanded monetary instruments to companies that stay underserved by conventional banks.
The acquisition comes as stablecoins draw renewed consideration throughout Wall Street.
Following the passage of complete US stablecoin laws final 12 months, main monetary establishments have begun exploring how tokenized {dollars} may match into funds, treasury administration, and cross-border transfers.
According to CoinGecko, the whole market capitalization of stablecoins has climbed 18.6% for the reason that GENIUS Act was handed in July 2025, reaching a document $314 billion.
That progress has sharpened curiosity from banks looking for to modernize fee rails whereas staying inside regulatory boundaries.
Stablecoin Transactions Hit $33 Trillion in 2025 as USDC Leads Usage
Global stablecoin transaction value reached $33 trillion in 2025, marking a 72% improve from the earlier 12 months, in accordance to Bloomberg knowledge compiled by Artemis Analytics.
USDC emerged because the most-used stablecoin by transaction quantity, processing $18.3 trillion, whereas Tether’s USDT dealt with $13.3 trillion, regardless of sustaining its lead by market capitalization at $187 billion.
The surge in exercise adopted the passage of the GENIUS Act in July 2025, the primary complete U.S. regulatory framework for fee stablecoins.
Industry members say the laws has offered authorized certainty that inspired broader institutional and international adoption.
As reported, stablecoin utilization on fintech platform Revolut additionally accelerated sharply in 2025, with fee volumes estimated to have climbed 156% 12 months over 12 months to roughly $10.5 billion, as digital {dollars} achieve floor in on a regular basis funds.
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