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68 Greed
Business Visa Neutral

Visa reportedly in talks to buy Fireblocks for about $2.5 billion

CryptoVideos brief
Built from 5 sources 1 min read Main editor: Earl Jacobson
Visa reportedly in talks to buy Fireblocks for about $2.5 billion Image: Crypto.news
Image via Crypto.news.

Visa is reportedly in talks to acquire Fireblocks for about $2.5 billion, according to an October 22 Axios report. Fireblocks provides crypto custody and stablecoin infrastructure. Fireblocks was valued at $8 billion in 2022. No definitive agreement has been announced. Visa has more than 160 stablecoin-linked card programs. The talks are subject to negotiation.

Key points

  1. Fireblocks provides crypto custody and stablecoin infrastructure for banks and payment companies.
  2. Fireblocks was valued at $8 billion in its 2022 Series E funding round.
  3. Neither company has announced a definitive agreement, and the reported talks remain subject to negotiation.
  4. Visa has more than 160 stablecoin-linked card programs operating internationally.

Why it matters

Fireblocks provides crypto custody and stablecoin infrastructure, and Visa has more than 160 stablecoin-linked card programs. The reported talks concern potential ownership of infrastructure used for stablecoin payments.

What's unclear

One report describes the talks as preliminary, while another says they have reached late-stage or final stages.
It is not known whether the companies will reach a definitive agreement.

Sources · 5 publishers

Crypto Briefing Tier 2 First report
Visa in late-stage talks to buy Fireblocks for about $2.5 billion: Report
The Block Tier 1
Visa in talks to acquire crypto custody firm Fireblocks for around $2.5 billion: Axios
Crypto.news Tier 2
Visa reportedly in talks to acquire Fireblocks for $2.5 billion
The Defiant Tier 1
Visa in Talks to Buy Fireblocks for About $2.5 Billion: Axios
Cointelegraph Tier 1
Fireblocks disputes report of $2.5B Visa acquisition talks

Coverage timeline

  1. First reported by Crypto Briefing
  2. Also reported by The Block
  3. CryptoVideos brief published
  4. 2 more publishers added to sources
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error

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