Fireblocks denied reports that Visa was in late-stage talks to acquire the crypto custody company for about $2.5 billion. Axios Pro had reported the acquisition while citing multiple sources, but Fireblocks said the information was new to it and untrue at the time. The company serves more than 2,500 enterprise customers, processes an average of over $300 billion in stablecoin volume each month, and is expanding into card payments. Separately, Visa invested in BVNK before Mastercard acquired the company for up to $1.8 billion, while Visa’s stablecoin settlement volume surpassed a $20 billion annualized run rate.
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