Visa faces Fireblocks acquisition denial

• Visa explored a US$2.5 billion acquisition of crypto custody provider Fireblocks, according to Axios.
• Fireblocks has denied that it is negotiating an acquisition by Visa, creating conflicting accounts of a potential deal.
• The reports highlight growing interest in crypto custody infrastructure as payment companies explore digital asset services.

Visa (NYSE:V) is reportedly considering a $2.5 billion acquisition of crypto custody firm Fireblocks, but the target company has denied discussions.

Fireblocks provides institutional crypto custody and stablecoin infrastructure, placing the reported deal against Visa’s expanding digital payments business.

“We are aware of the rumors about a possible acquisition of Fireblocks by Visa. This is news to us, and not true at present time,” said a Fireblocks spokesperson.

Axios reported that the companies were in late-stage acquisition talks, citing multiple unidentified sources, while Visa declined to comment on the speculation.

Fireblocks last secured a publicly reported valuation of $8 billion in January 2022, when it raised $550 million in a Series E funding round.

Founded in 2018, Fireblocks launched a stablecoin payments network in September 2025 with more than 40 participants, including Circle, Bridge, Zerohash and Yellow Card.

Visa has expanded stablecoin settlement and payout services, reporting an annualised stablecoin settlement volume above $20 billion, while rival Mastercard completed its acquisition of infrastructure provider BVNK in August.

Following the announcement, Visa shares were up 1.59% at $414.34.