Fireblocks Denies Acquisition Talks With Visa
Fireblocks says the report about a deal with Visa is inaccurate. The discussion comes as the crypto custodian’s valuation has dropped sharply since 2022.
Key Takeaways
- Fireblocks denies that it is in talks with Visa about an acquisition.
- Axios reported that the talks about a $2.5 billion deal would be in an advanced stage.
- A $2.5 billion acquisition would be far below Fireblocks' $8 billion valuation in 2022.
Fireblocks has denied reports that it is in talks with Visa about an acquisition. According to Axios, the talks would be in an advanced stage, but a Fireblocks spokesperson said shortly after that the story was “new to us” and is not true at this time. The discussion around a possible sale comes at a time when the crypto company’s valuation is much lower than it was in 2022.
Denial After Axios Report
Axios reported, based on multiple anonymous sources, that Fireblocks and Visa would be in an advanced stage of talks about a $2.5 billion (€2.2 billion) acquisition. Fireblocks immediately dismissed that. Visa did not respond to requests for comment, and Coinbase had also not responded according to the report.
Fireblocks is best known as a crypto custody provider. The company uses multi-party computation, or MPC, among other things, to secure digital assets. That makes it an important player in a market where safe storage and management of crypto are becoming increasingly important for institutions.
Valuation Much Lower Than in 2022
A $2.5 billion (€2.2 billion) acquisition would mark a sharp drop from 2022, when Fireblocks raised $550 million (€491 million) at an $8 billion (€7.1 billion) valuation. No new valuations have been made public since then. In January 2026, Fireblocks also bought TRES Finance, a crypto accounting platform, for about $130 million (€116 million). That further expanded its digital asset infrastructure.
Why This Matters for Europe
The reports around Fireblocks fit into a broader trend in which major financial players are showing more interest in crypto infrastructure. Visa had already tested stablecoin payments earlier in 2026 in a partnership with WeFi, while Mastercard acquired stablecoin infrastructure company BVNK in August 2026. For European crypto and payments companies, that shows custody, payments, and infrastructure are increasingly ending up in the same strategic bucket.
