Visa acquiring Fireblocks could widen its reach in crypto custody
Photo: The Cryptonomist
Visa is reportedly in talks to acquire Fireblocks , a crypto custody infrastructure firm, in a transaction valuing the business at around $2.5 billion . If the deal is finalized, Visa’s acquisition of Fireblocks would expand its presence in digital asset custody and blockchain-based payment infrastructure. The reported discussions concern an acquisition of the infrastructure business, but they do not establish that a transaction has been agreed. The valuation is an estimate attached to the potential deal, rather than a confirmed purchase price. The acquisition report remains subject to confirmation .
Source: The Cryptonomist
