Visa acquiring Fireblocks could widen its reach in crypto custody

Visa is reportedly in talks to acquire Fireblocks, a crypto custody infrastructure firm, in a transaction valuing the business at around $2.5 billion. If the deal is finalized, Visa’s acquisition of Fireblocks would expand its presence in digital asset custody and blockchain-based payment infrastructure.

The reported discussions concern an acquisition of the infrastructure business, but they do not establish that a transaction has been agreed. The valuation is an estimate attached to the potential deal, rather than a confirmed purchase price.

The acquisition report remains subject to confirmation. Specific transaction terms and the progress of negotiations have not been disclosed.