Visa Discusses $2.5 Billion Purchase of Crypto Custodian Fireblocks

Visa is discussing a potential acquisition of Fireblocks at an estimated valuation of about $2.5 billion, a move that would expand the payments company’s activity in crypto custody and blockchain payments.

Fireblocks provides infrastructure for crypto-asset custody. The discussions have not been confirmed as a completed agreement, and no deal terms have been made public. The $2.5 billion figure is an approximate valuation for the proposed transaction; a final purchase price has not been disclosed. Details about the status of negotiations have also not been released.

A purchase would add Fireblocks’ custody infrastructure to Visa’s digital-asset business. The rationale connected with the talks covers two areas: custody services for digital assets and infrastructure for blockchain payments. That would broaden Visa’s role in holding digital assets and supporting payments built on blockchain technology. The discussions do not specify the structure or operating details of a potential acquisition.

The possible acquisition remains under discussion, with the approximate $2.5 billion valuation the only disclosed financial measure.