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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Author: Martin Young
