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.