Fireblocks denies report of $2.5B Visa takeover talks

Fireblocks is a company that helps institutions safely store and move digital assets. On Thursday, it denied an Axios report about late-stage Visa takeover talks. The reported price was about $2.5 billion. Fireblocks said the reported talks were not true at present; Visa declined to comment.

A deal of this size would bridge the gap between traditional finance and crypto. Visa is a global leader in payments. Fireblocks is a leader in crypto custody. Such a deal would signal a massive shift in how the world handles money.

Keep reading — what to watch

Will a real deal eventually happen? Fireblocks denied this specific report. However, big banks and payment companies are constantly looking for ways to enter the crypto market. We will have to watch if Visa or other giants make a different move in the coming months.