Payments giant Visa is in late-stage negotiations to purchase Fireblocks, a company known for crypto custody services, in a deal that would be valued at around $2.5 billion, according to wire reports on the matter. The reports cite multiple people familiar with the discussions and trace the information to a report from Axios.
The coverage reviewed by FXMARE describes the talks as being at an advanced stage. No official confirmation from either company was included in the supplied material, and the reports do not say whether a final agreement has been signed or when one might be announced.
Fireblocks is characterized in the reporting as a crypto custody firm, meaning its business centers on safeguarding digital assets on behalf of clients. The sources provided do not detail the terms of the potential transaction beyond the approximate price, and they do not describe the structure of the deal, any regulatory approvals required, or how Visa would integrate the company.
The approximate valuation of $2.5 billion is the central figure in the story. The reports use the word "around" or "about" in describing it, which indicates the number is not final and could change as negotiations proceed.
For the crypto sector, the reports point to continued interest from large, established payments companies in the infrastructure that supports digital-asset storage and transfers. The material supplied does not include market reaction, share price movement or statements from executives, so those details are not covered here. FXMARE will update the story if the companies confirm or comment on the discussions.