Capital One acquires Brex for $5.15 billion — a major deal in payment technology

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A major acquisition deal has been announced. Major US financial institution Capital One has agreed to acquire fintech company Brex for $5.15 billion. According to reports from CoinDesk and ChainCatcher, the transaction is expected to be settled with a combination of cash and company stock.

Capital One’s Targeting of Emerging Payment Technologies

Since its founding in 2017, Brex has been providing corporate credit cards and cash management tools to clients ranging from startups to large corporations. Last fall, the company announced plans to implement native stablecoin payment functionality. It aims to become the first global corporate card platform to support instant balance payments using cryptocurrencies.

With this acquisition, Capital One has established a foothold in innovative payment technology and opened the way to integrate Brex’s services into existing banking infrastructure.

Coexistence with Blockchain Ecosystems

Notable blockchain companies such as Figure, Solana, and Alchemy are also attracting attention from the crypto industry, with some appearing on Brex’s stablecoin payment product waitlist.

Post-Integration Developments

After the acquisition is completed, Brex is expected to be integrated into Capital One’s commercial banking and payments divisions. This large-scale deal, which merges traditional finance with digital currencies, is anticipated to create a new ripple across the entire financial technology industry.

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