Visa in talks to acquire crypto custody firm Fireblocks for about $2.5 bln

The talks were first reported by Axios and corroborated by Bloomberg, with terms and timing still unclear

Visa is in talks to acquire Fireblocks, a digital-asset infrastructure company, for around $2.5 billion, according to Axios. Bloomberg has corroborated the report, according to ChainCatcher, though terms and the progress of the negotiations have not been disclosed.

Fireblocks provides software that banks and institutions use to store, transfer and issue digital assets, and it runs a network that settles crypto trades between exchanges and counterparties without exposing private keys, according to its Wikipedia entry. The company raised $550 million in a Series E round in January 2022 at an $8 billion valuation, and has since made its own acquisitions, including First Digital in 2022, BlockFold in 2023, Dynamic in 2025 and TRES Finance earlier this year.

A deal of this size would not be new ground for Visa. In 2010 it bought online payments processor CyberSource for about $2 billion. Today Visa's VisaNet handled 257.5 billion transactions worth $14.2 trillion in 2025 alone, according to its Wikipedia entry, making a $2.5 billion purchase small next to its scale.

Still, the move would be a direct push into crypto custody and wallet infrastructure, the plumbing banks and institutions use to hold and move digital assets, rather than a tweak to Visa's card network. It points to payment networks positioning to own blockchain settlement rails before stablecoins and tokenised deposits cut into card volumes, a different kind of move from the litigation-escrow and share-conversion matters Visa disclosed last month. The size is material but modest against Visa's overall business, so it reads as a bet on future transaction flow rather than something that moves near-term earnings. Whether the talks lead to a signed deal, and on what terms, is not yet settled.