Visa Reportedly in Talks to Acquire Israeli Fintech Fireblocks for $2.5 Billion
Translated & summarized from Ice by baba
Visa is reportedly in talks to acquire Israeli fintech company Fireblocks for approximately $2.5 billion, a move that would significantly expand Visa's blockchain capabilities. Fireblocks has denied the acquisition rumors, despite the valuation representing a substantial drop from its 2022 peak. Founded in 2017, Fireblocks provides digital asset infrastructure to financial institutions and reported over $100 million in ARR in September 2022.
The story in 5 lines · by baba
- Visa is reportedly negotiating to acquire Israeli fintech Fireblocks for about $2.5 billion.
- Fireblocks has denied the acquisition rumors, calling them "new to us and not true."
- The reported $2.5 billion valuation is a 69% decrease from Fireblocks' 2022 peak valuation.
- Fireblocks provides digital asset infrastructure for financial institutions and reported $100 million ARR in 2022.
- The acquisition would bolster Visa's efforts in blockchain and stablecoin payments.
American payments giant Visa is reportedly in negotiations to acquire Israeli fintech firm Fireblocks, a developer of infrastructure for digital asset transfers and stablecoin payments. The potential deal is valued at approximately $2.5 billion, according to U.S. reports. Fireblocks, however, has denied the rumors, stating, "We are aware of rumors about an acquisition by Visa. This is new to us and not true at this time."
If the acquisition proceeds at this valuation, it would represent a significant decrease of about 69% from Fireblocks' peak valuation. In January 2022, the Israeli unicorn raised $550 million at an $8 billion valuation, bringing its total funding to nearly $1.04 billion. This potential acquisition aligns with Visa's strategy to expand its presence in the blockchain and stablecoin payment sectors, leveraging Fireblocks' technology to streamline digital asset management for financial institutions.
Founded in 2017 by Michael Shaulov, Idan Ofir, and Pavel Berengoltz, Fireblocks provides a platform for banks, crypto exchanges, fintech companies, and financial institutions to manage, secure, and transfer digital assets on blockchain networks. The company has expanded its offerings to include asset tokenization and stablecoin payments. In September 2022, Fireblocks reported an annual recurring revenue (ARR) exceeding $100 million. The company has also made strategic acquisitions, including Dynamic in 2025 for approximately $90 million and TRES Finance in 2026 for an estimated $130 million.
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