Visa reportedly in talks to buy Fireblocks for about $2.5B
VC & Fundraising ·
Visa is said to be negotiating the acquisition of crypto custody and infrastructure firm Fireblocks in a deal valued at approximately $2.5 billion.
The talks, first flagged as intel, would see Visa take control of a platform used for securing and moving digital assets, placing a major payments network directly inside crypto custody infrastructure rather than merely integrating with it. The reported price tag, around $2.5B, would mark one of the larger acquisitions of a crypto-native infrastructure company by a traditional financial firm.
Fireblocks has been described in coverage of the talks as a leading platform for crypto custody and infrastructure, the kind of backend plumbing that institutions rely on to hold and transfer digital assets securely. A deal of this size would extend Visa's reach into that layer of the market rather than leaving it to specialized custodians alone.
The report has been corroborated across multiple accounts of the same talks, with four distinct sources describing the same approximate $2.5 billion figure and the same target, Fireblocks. Details beyond the headline figure and the parties involved have not been disclosed, including deal structure, timing, or whether terms have been finalized. More information can be found via Solid Intel.
What remains unresolved is whether the talks will result in a signed agreement, and if so, on what terms. Neither Visa nor Fireblocks has been quoted confirming the reported discussions in the material available, and no closing date or regulatory process has been mentioned. Whether the deal proceeds at the reported $2.5B valuation, is renegotiated, or does not materialize at all is not yet known.