Summary
- A report said Visa is pursuing an acquisition of crypto custody infrastructure firm Fireblocks.
- Sources said talks are in their final stages and that Fireblocks is being valued at around $2.5 billion.
- If the deal is completed, Visa would likely step up its expansion in the crypto business and stablecoin payment capabilities.
Forecast Trend Report by Period
Visa is seeking to acquire crypto custody infrastructure firm Fireblocks.
Axios reported on October 22, citing sources, that Visa is in acquisition talks with Fireblocks. One source told Axios the negotiations are in their final stages.
Fireblocks is being discussed at a valuation of about $2.5 billion.
If the deal is completed, Visa would accelerate its expansion in crypto. The company has been actively broadening its crypto-related services, including through a recent partnership with crypto financial infrastructure firm Mesh to expand stablecoin payment capabilities.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul