Fireblocks Denies Axios Report of $2.5 Billion Visa Acquisition Talks

Fireblocks, the crypto custody and stablecoin infrastructure firm, has flatly denied an Axios report that Visa is in late-stage talks to acquire it for approximately $2.5 billion. "This is news to us, and not true at present time," Fireblocks told Cointelegraph. Visa declined to comment on the acquisition rumors.

The Axios report, which cited multiple sources, described the potential deal as Visa's first acquisition in the crypto space and framed it in the context of traditional finance firms accelerating their moves into stablecoin infrastructure. Fireblocks is a prominent provider of digital asset custody and stablecoin-related services, making it a strategically significant target if such talks were real.