Visa in late-stage talks to buy Fireblocks for about $2.5 billion: Report

Visa is in talks to buy Fireblocks, the crypto custody and infrastructure firm, for about $2.5 billion, according to a report from Axios on October 22, 2026. What’s on the table The reported price tag is approximately $2.5 billion. The discussions have been described as preliminary, so nothing is signed yet. That figure stands out next to Fireblocks’ own history. The firm was valued at $8 billion in its 2022 Series E funding round. Fireblocks has raised over $1 billion in total funding. It says it serves more than 2,500 institutions and has facilitated trillions of dollars in digital asset transfers. The company built its reputation on custody and multi-party computation (MPC) wallet technology. MPC works with the private keys that control crypto: signing a transaction requires multiple parties to cooperate, which removes the single point of failure that hackers love to target. Why Visa wants a custody shop The two companies already know each other. Fireblocks currently provides infrastructure for Visa’s stablecoin card programs. Visa has been leaning harder into stablecoins, the digital tokens designed to hold a steady value, usually pegged to the US dollar. The company runs US se...