Fireblocks has denied studies that Visa is in late-stage talks to accumulate the crypto custody agency for about $2.5 billion.
“We’re conscious of the rumors a few potential acquisition of Fireblocks by Visa. That is information to us, and never true at current time. We don’t touch upon rumors or hypothesis,” Fireblocks instructed The Block.
Axios Professional revealed that report earlier within the day, citing “a number of sources.”
Fireblocks Strikes Into Card Funds
Fireblocks sells the software program that banks, exchanges and fintechs use to carry and transfer digital belongings. It handles greater than $300 billion in stablecoin quantity a month on common.
The platform raised $550 million in a Collection E spherical at an $8 billion valuation in January 2022. It stated on the time that its buyer depend had grown from 150 to greater than 800 throughout 2021. Its web site now lists 2,500 enterprise clients, together with Revolut and ABN AMRO.
In October 2025, Fireblocks acquired Dynamic, a pockets developer platform that powers greater than 50 million onchain accounts. In June this 12 months, Fireblocks launched Circulation, a product that lets cost suppliers and fintechs settle for stablecoins.
Euronet, a funds agency, started working with Fireblocks in October 2025 on settlement and pre-funding for its cross-border enterprise. On Monday, Euronet stated banks and fintechs can now problem stablecoin-funded playing cards on its Ren and CoreCard platforms. Fireblocks embedded wallets maintain the stablecoin balances these playing cards spend from. Every cardholder will get a pockets at sign-up. Fiat deposits convert to stablecoins earlier than they’re credited.
Mastercard Purchased Visa-Backed BVNK
Visa’s enterprise arm, Visa Ventures, invested in UK-based funds firm BVNK in Might 2025. Coinbase then ended talks to purchase BVNK in a $2 billion deal in November 2025. In January, the corporate picked BVNK to provide stablecoin infrastructure for its Visa Direct payout pilots.
Two months later, Mastercard agreed to accumulate BVNK for as much as $1.8 billion, together with $300 million in contingent funds. Mastercard accomplished the acquisition on August 3.
In September, Visa stated its stablecoin settlement quantity had handed a $20 billion annualized run fee. That run fee is up greater than 15 occasions from a 12 months earlier. The corporate additionally counts greater than 160 stablecoin-linked card applications on its community.
Visa invested in stablecoin agency BVNK in 2025 and tapped it for Visa Direct payouts in January, earlier than Mastercard purchased it for as much as $1.8 billion.
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