Visa Acquisition Talk Worth $2.5 Billion Denied by Fireblocks

Fireblocks, a company that provides custody, wallet infrastructure and transfer technology for digital assets, has publicly denied reports of acquisition talks with Visa. The reports had put a potential deal value at approximately $2.5 billion. Two outlets, Fintech News Singapore and CryptoPotato, separately reported on the denial after earlier claims about the talks circulated. Both pieces describe Fireblocks rejecting the characterization of any such negotiations taking place. Fireblocks has built its business around infrastructure that banks, exchanges and fintech firms use to secure and move digital assets.