TL;DR
- Fireblocks denied being in advanced talks with Visa over a potential acquisition valued at approximately $2.5 billion.
- Axios reported that the two companies were in discussions, but Fireblocks said the information was not true at present.
- The crypto infrastructure company reached an $8 billion valuation in 2022 after raising $550 million in a funding round.
Fireblocks denied an Axios report claiming that Visa was negotiating its acquisition for approximately $2.5 billion. The company, which specializes in institutional custody and digital asset infrastructure, rejected claims that advanced talks were underway.
The Axios report, citing multiple sources, claimed that negotiations had reached an advanced stage. However, Fireblocks responded that it was unaware of any ongoing acquisition process.
“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,” the company stated.
Meanwhile, Visa declined to comment on the reports, saying it does not comment on rumors or speculation.
Fireblocks Was Valued at $8 Billion in 2022
Fireblocks’ last publicly disclosed valuation reached $8 billion in January 2022, when it completed a $550 million Series E funding round.
The figure reported by Axios would represent a substantial decline from that valuation, although the company has not confirmed any negotiations or sale price.
Founded in 2018, Fireblocks provides custody and infrastructure services for institutions dealing with cryptocurrencies and other digital assets.
In September 2025, it launched a stablecoin payments network with more than 40 participants, including Circle, Bridge, Zerohash, and Yellow Card.
Visa Expands Its Stablecoin Operations
The reports of a potential acquisition followed several initiatives by Visa to expand its stablecoin-related services.
In August, the company partnered with Zerohash to introduce stablecoin funding and payouts through Visa Direct.
Visa subsequently reported that its stablecoin settlement volume had surpassed an annualized rate of $20 billion, more than 15 times the level recorded a year earlier.
Its competitor Mastercard has also expanded its operations in this market. In August, it completed the acquisition of BVNK, a stablecoin infrastructure provider, in a deal valued at up to $1.8 billion, including $300 million in contingent payments.
