Capital One acquired Brex, potentially gaining stablecoin capabilities just months after the fintech launched support for the tokens.Major US bank Capital One hasCapital One acquired Brex, potentially gaining stablecoin capabilities just months after the fintech launched support for the tokens.Major US bank Capital One has
Capital One bank buys stablecoin fintech Brex for $5.15B
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Capital One acquired Brex, potentially gaining stablecoin capabilities just months after the fintech launched support for the tokens.
Major US bank Capital One has struck a $5.15 billion deal to buy the fintech Brex and is set to acquire the company’s stablecoin payments solution.
Capital One said on Thursday that the deal is a combination of stock and cash transaction and is expected to close in mid-2026.
“Since our founding, we set out to build a payments company at the frontier of the technology revolution,” said Capital One’s founder and CEO, Richard Fairbank. “Acquiring Brex accelerates this journey, especially in the business payments marketplace.”
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