Switch to seedless. Get 30% off with SWITCH30 till Oct 26Visa eyes $2.5B Fireblocks acquisition in crypto expansion
6.9 Investments Visa is in late-stage talks to acquire Fireblocks for $2.5B, expanding its crypto custody and stablecoin infrastructure. The deal, not yet finalized, is at a significant discount to Fireblocks’ 2022 valuation.
Visa is reportedly in late-stage negotiations to acquire Fireblocks, a leading crypto custody and stablecoin infrastructure provider, for around $2.5 billion. This potential deal, still unconfirmed by either company, would mark a significant discount from Fireblocks’ $8 billion valuation in early 2022. Fireblocks serves thousands of institutions with custody, wallet, and stablecoin technology, and has facilitated trillions in digital asset transfers. The acquisition would strengthen Visa’s position in digital asset custody and blockchain-based payment infrastructure, aligning with its recent stablecoin initiatives. If completed, this transaction would rank among the largest in the crypto industry. Market observers highlight that the deal reflects both shifting funding conditions and the increasing interest of established financial firms in the crypto sector. Specific terms and the final stage of negotiations remain undisclosed.
