Citi Ventures, the venture capital arm of Citibank, has invested in stablecoin infrastructure company BVNK, according to CNBC. The investment amount remains undisclosed. BVNK specializes in providing global stablecoin transaction payment channels, enabling clients to swiftly convert funds between fiat and cryptocurrencies. In June, Citibank CEO Jane Fraser indicated the bank's interest in issuing its own stablecoin and offering crypto asset custody services.