Visa in late-stage talks to buy crypto custodian Fireblocks for around $2.5 billion

Visa is reportedly in late-stage talks to acquire crypto custody firm Fireblocks for around $2.5 billion, according to Axios, which cited multiple sources. Fireblocks provides infrastructure that institutions use to store and move digital assets, so a Visa takeover would tie a major payments network directly into crypto custody. Traders would read the deal as a large institutional endorsement of crypto infrastructure, though it is still a report and not a confirmed agreement.