Fireblocks Denies Visa Acquisition Talks as Stablecoin Race Grows

Fireblocks has denied reports that Visa is in late-stage talks to acquire the crypto custody and payments company for about $2.5 billion. The claim, first reported by Axios Pro and attributed to multiple sources, was described by Fireblocks as untrue; the company declined to comment further. Coinbase was also named as a possible buyer in separate reporting but reportedly denied involvement. The rumored price would be far below Fireblocks’ $8 billion valuation in a January 2022 funding round. Fireblocks provides digital-asset custody and payments infrastructure to banks, exchanges and fintech firms. It says it serves 2,500 enterprise customers and processes more than $300 billion in stablecoin volume per month. Its expansion includes wallet infrastructure and tools for payment providers to accept stablecoins, as well as a stablecoin payments network launched in 2025. The reports come as payment networks expand stablecoin services. Visa says its stablecoin settlement volume is running at an annualized pace above $20 billion and has partnered with Zerohash on stablecoin funding and payouts. Mastercard has completed its acquisition of stablecoin infrastructure firm BVNK for up to $1.8 billion. Fireblocks has not confirmed acquisition discussions with Visa, leaving the report unverified.