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Institutions & ETFs · 1 min read

Visa in Talks to Acquire Fireblocks for About $2.5B

The payment giant is discussing a multibillion-dollar buyout of the crypto infrastructure firm following rival Mastercard's purchase of BVNK.

Editorial oversight: Julian Mercer, Chief Editor
Neutral
$BTC $81,567 −3.4% $ETH $2,396 −4.5%

At a glance Announced

What happened
Visa is in talks to acquire digital asset infrastructure firm Fireblocks for about $2.5 billion, according to an Axios report cited by The Defiant on Oct. 22.
Why it matters
The deal signals aggressive competition among global payment giants for native crypto and stablecoin infrastructure.
Who is affected
Visa, Fireblocks, and enterprise crypto infrastructure providers.
What's next
No next step announced.
Primary source
thedefiant.io: Visa in Talks to Buy Fireblocks for About $2.5 Billion: Axios

Key points

  • Visa is in negotiations to acquire crypto infrastructure firm Fireblocks for about $2.5 billion.
  • The buyout talks follow Mastercard's completed purchase of stablecoin infrastructure firm BVNK for up to $1.8 billion.
  • The discussions occur alongside moves by Standard Chartered, Securitize, and Western Union into crypto infrastructure.

Payment network operator Visa is in talks to acquire digital asset infrastructure provider Fireblocks for approximately $2.5 billion, according to an Axios report cited by The Defiant on Oct. 22 1. The potential acquisition marks another major move by global card networks to secure institutional crypto rails 1.

Payments Networks Expand Crypto Infrastructure

The reported negotiations follow rival payments provider Mastercard's completed acquisition of stablecoin infrastructure provider BVNK 1. That transaction was priced at up to $1.8 billion, according to the report 1.

Visa's reported $2.5 billion pursuit comes alongside broader institutional convergence within digital asset settlement and custody 1. Related corporate actions include Standard Chartered signing a deal to take full ownership of institutional custody platform Zodia Custody, and Securitize moving to mint stablecoins directly with Anchorage Digital Bank, according to reporting on Oct. 22 1. Other legacy financial institutions have also advanced digital settlement operations, including Western Union selecting Noah to settle receiver redirect payouts in USDPT 1.

At the time of writing, the broader digital asset market was trading lower, with $BTC trading at $81,567 down 2.8% over the past 24 hours, and $ETH changing hands at $2,400 down 2.9%.

Neither transaction timeline nor closing conditions for the reported talks between Visa and Fireblocks were detailed in the report 1.

Sources

  1. [1] Visa in Talks to Buy Fireblocks for About $2.5 Billion: Axios — thedefiant.io, October 22, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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Not financial advice. Basis Desk publishes information, not recommendations. Crypto assets are volatile and you can lose what you invest.