Capital One acquires Brex for $5.15B, adds stablecoin tech

Capital One will acquire Brex for $5.15B, integrating its stablecoin payment tech and spend management tools to boost its business payments and digital banking services.

Capital One has agreed to acquire fintech company Brex for $5.15 billion in a deal split between cash and stock. The transaction is expected to close in mid-2026, pending regulatory approval. Founded in 2017, Brex is known for its corporate credit cards, spend management tools, AI-powered software, and stablecoin payment infrastructure. In September 2025, Brex launched native stablecoin payments, starting with USDC, allowing clients to send and receive stablecoins with automatic conversion to U.S. dollars. This acquisition will integrate Brex’s technology and stablecoin capabilities into Capital One’s commercial banking and payment operations, enhancing its position in business payments and expense management. Several blockchain firms, including Solana, Figure, and Alchemy, have already joined the waiting list for Brex’s stablecoin product. The move underscores Capital One’s strategy to expand its digital payment offerings and compete with software-driven financial platforms.