Business / Digital Currency

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Fireblocks Supplies Technology for Crypto-Asset Custody

A completed agreement has not been confirmed; the $2.5 billion estimate does not establish a purchase price, and the parties have not set out transaction terms.

Updated 1 min read
Employees cross the entrance plaza at Visa's headquarters in Foster City, California. / EconoTimes.ai
Employees cross the entrance plaza at Visa's headquarters in Foster City, California. / EconoTimes.ai

Visa’s possible purchase of Fireblocks would broaden its crypto custody and blockchain payment capabilities, with the transaction carrying an estimated $2.5 billion valuation but no confirmed agreement.

The figure is an estimate for a potential deal, not an announced purchase price. The parties have not specified what Visa would pay or outlined the terms of a transaction.

Fireblocks builds technology to help secure digital-asset holdings. If the deal proceeds, its custody and blockchain payment tools would become available to Visa. The transaction’s structure and how the businesses might operate together have not been detailed.

A separate Visa-Mesh plan would let participating wallets fund Visa purchases using crypto or stablecoin balances, with Mesh arranging funding and converting the balance as needed, as detailed in EconoTimes’ earlier coverage of the Visa-Mesh wallet plan. Merchants would receive a standard Visa payment through their existing checkout systems. Users would not need to move or preload funds before a purchase. The Mesh plan has no announced launch date.

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