Fireblocks denies $2.5B Visa talks, but "at this time" leaves a door open

Fireblocks denied an Axios Pro report that Visa was in advanced talks to acquire the crypto custody company for about $2.5 billion, saying the acquisition report was not accurate as of that time. Visa declined to comment on rumors or speculation. Axios Pro, citing multiple sources, described the potential purchase as Visa’s first crypto acquisition; Fireblocks, founded in 2018, provides institutional digital-asset custody and infrastructure and was last valued at $8 billion in January 2022 after raising $550 million. Visa has expanded its stablecoin business without acquisitions, including an August partnership with Zerohash for stablecoin funding and payouts through Visa Direct.