Capital One Bank reached an agreement to acquire Brex for $5.15 billion, marking one of the largest fintech deals in recent times and expanding stablecoin payment capabilities for businesses.
Capital One, one of the leading financial groups in the US, has announced the acquisition of fintech company Brex for $5.15 billion, a hybrid of stock and cash. The deal, announced on Thursday and expected to be completed by mid-2026, marks a significant step for Capital One in expanding its enterprise payment capabilities and embracing stablecoin technology.
This move comes just months after Brexit rolled out support for digital asset payments, reflecting the growing convergence between traditional finance and the cryptocurrency sector.
Richard Fairbank, founder and CEO of Capital One, emphasized that the acquisition of Brex will help accelerate the bank's ambition to lead the payments technology revolution, particularly in the enterprise segment.
This deal is considered one of the largest fintech mergers in recent years, bringing a stablecoin-friendly startup into a major financial institution, at a time when traditional banks are actively seeking ways to enter the digital asset market.
Expanding stablecoin payment capabilities for businesses.
Brex made a significant mark in October by becoming the first global business card provider to support native stablecoin payments, starting with USDC. This capability allows businesses to conduct stablecoin transactions more directly and efficiently, meeting the growing demand for flexible digital payment methods in the global business environment.
Pedro Franceschi, founder and CEO of Brex, affirmed that he will continue to run the company after the merger and stated that the combination will allow both sides to move faster and invest more deeply in developing superior business capabilities.
According to him, this deal is not simply an acquisition but a strategic partnership between two companies led by the founder, aimed at providing better cash flow management solutions for millions of businesses in the mainstream American economy – businesses that are currently underserved by traditional banks.
This transaction takes place amidst a backdrop of stablecoins becoming a hot topic in traditional finance, especially after the US Congress passed the GENIUS Act in July 2025 – one of the key regulations for this asset class.
According to data from CoinGecko, the market Capital of stablecoins has increased by 18.6 percent since the law was passed, reaching a record high of $314 billion. This growth reflects the market's growing confidence in stablecoins as a legitimate payment and store of value tool within the financial ecosystem.
