Fireblocks denies report of $2.5 billion Visa acquisition talks

Fireblocks has denied a report that Visa is in talks to acquire the digital asset infrastructure company.

On October 22, 2026, Axios reported that Visa was in late-stage talks to acquire Fireblocks at a valuation of approximately $2.5 billion. Fireblocks responded the same day.

“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,” a Fireblocks spokesperson said.

Visa said it does not comment on rumors or speculation.

What was reported

According to the Axios report, the payments giant was in advanced discussions to buy Fireblocks outright. The company provides custody and stablecoin infrastructure for institutional clients.

If it happened, the deal would reportedly be Visa’s first major move into the stablecoin sector through an acquisition.

Valuation context

Fireblocks raised $550 million in its Series E round in January 2022, at a valuation of $8 billion. The reported figure of approximately $2.5 billion would be well below that valuation.

Fireblocks has raised over $1 billion in total funding since its founding in 2018.

Stablecoin card activity

Fireblocks has been active in stablecoin card payments. On October 19, it said its embedded wallets hold the balances for stablecoin-funded cards that Euronet is bringing to banks and fintechs, in a post that also cited more than 160 stablecoin-linked card programs live on Visa’s network.

Fireblocks serves more than 2,500 institutional clients with custody and wallet infrastructure. In September 2025, it launched a stablecoin payments network with over 40 participants, including Circle and Bridge.