“Not true at present time”: Fireblocks rejects reports of $2.5 billion Visa deal
The digital asset infrastructure company denied reports that Visa is seeking to acquire it. The reported price would value Fireblocks roughly 69% below its $8 billion valuation in a 2022 funding round.
Visa is reportedly in talks to acquire Fireblocks, a developer of infrastructure for digital asset transfers and stablecoin payments, in a deal that could value the Israeli-founded company at approximately $2.5 billion. Fireblocks denied the reports, saying: “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 reported price would mark a sharp decline from Fireblocks’ last publicly disclosed valuation. In January 2022, the company raised $550 million in a funding round led by D1 Capital Partners and Spark Capital, valuing it at $8 billion. The round brought its total reported funding to approximately $1.04 billion. A $2.5 billion acquisition would imply a valuation roughly 69% below that figure.
Founded in 2017 by Michael Shaulov, Idan Ofrat and Pavel Berengoltz, Fireblocks has built a platform that helps banks, cryptocurrency exchanges, fintech companies and other financial institutions store, transfer and manage digital assets. Its technology includes digital wallet infrastructure, transaction security and tools for moving funds across blockchain networks. The company has also expanded into stablecoin payments and asset tokenization.
A deal could support Visa’s efforts to expand its presence in blockchain-based payments and stablecoins. Acquiring Fireblocks would give the payments giant access to established technology for helping financial institutions manage and transfer digital assets, rather than requiring it to build those capabilities entirely in-house.
Fireblocks said in September 2022 that its annual recurring revenue had exceeded $100 million. The company has also expanded through acquisitions, buying digital wallet infrastructure provider Dynamic in 2025 and digital asset accounting and financial reporting company TRES Finance in 2026. Media reports put the respective deal values at approximately $90 million and $130 million.
