Visa nears $2.5 billion Fireblocks deal to boost crypto and stablecoin services

Visa is in advanced negotiations to acquire Fireblocks, a cryptocurrency infrastructure provider, for approximately $2.5 billion. The move is expected to expand Visa’s capabilities in digital asset custody and enhance its stablecoin payment infrastructure globally. Fireblocks, founded in 2017, develops technology that allows businesses—including banks and payment processors—to securely store, transfer, and manage cryptocurrencies. The company has played a key role in providing financial institutions with the tools they need for handling digital assets. The potential purchase follows reports cited by Axios on October 22, 2026, referencing sources familiar with the discussions.