Fireblocks Denies Report of $2.5B Visa Acquisition Talks
Fireblocks has denied reviews that Visa is in late-stage talks to amass the crypto custody agency for about $2.5 billion.
“We are conscious of the rumors a couple of potential acquisition of Fireblocks by Visa. This is information to us, and never true at current time. We don’t touch upon rumors or hypothesis,” Fireblocks informed The Block.
Axios Pro printed that report earlier within the day, citing “a number of sources.”
Fireblocks Moves Into Card Payments
Fireblocks sells the software program that banks, exchanges and fintechs use to carry and transfer digital property. It handles greater than $300 billion in stablecoin quantity a month on common.
The platform raised $550 million in a Series E spherical at an $8 billion valuation in January 2022. It stated on the time that its buyer depend had grown from 150 to greater than 800 throughout 2021. Its web site now lists 2,500 enterprise clients, together with Revolut and ABN AMRO.
In October 2025, Fireblocks acquired Dynamic, a pockets developer platform that powers greater than 50 million onchain accounts. In June this yr, Fireblocks launched Flow, a product that lets fee suppliers and fintechs settle for stablecoins.
Euronet, a funds agency, started working with Fireblocks in October 2025 on settlement and pre-funding for its cross-border enterprise. On Monday, Euronet stated banks and fintechs can now concern stablecoin-funded playing cards on its Ren and CoreCard platforms. Fireblocks embedded wallets maintain the stablecoin balances these playing cards spend from. Each cardholder will get a pockets at sign-up. Fiat deposits convert to stablecoins earlier than they’re credited.
Mastercard Bought Visa-Backed BVNK
Visa’s enterprise arm, Visa Ventures, invested in UK-based funds firm BVNK in May 2025. Coinbase then ended talks to purchase BVNK in a $2 billion deal in November 2025. In January, the corporate picked BVNK to provide stablecoin infrastructure for its Visa Direct payout pilots.
Two months later, Mastercard agreed to amass BVNK for as much as $1.8 billion, together with $300 million in contingent funds. Mastercard accomplished the acquisition on August 3.
In September, Visa stated its stablecoin settlement quantity had handed a $20 billion annualized run price. That run price is up greater than 15 instances from a yr earlier. The firm additionally counts greater than 160 stablecoin-linked card packages on its community.
Visa invested in stablecoin agency BVNK in 2025 and tapped it for Visa Direct payouts in January, earlier than Mastercard purchased it for as much as $1.8 billion.
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