Fireblocks has denied a report that Visa is in late-stage talks to buy the institutional crypto custody and stablecoin infrastructure firm for around $2.5 billion.

“We are aware of the rumors about a possible acquisition of Fireblocks by Visa. This is news to us, and not true at present time,” the company told The Block on Thursday. 

The denial came hours after Axios reported, citing multiple sources, that the two sides were close to a deal. It would have been Visa’s first acquisition in the stablecoin sector and one of the largest in crypto’s history, behind Coinbase’s $2.9 billion purchase of Deribit in 2025 and Naver Financial’s pending $10.3 billion deal for…

Read more on BitcoinMagazine