Digital asset and stablecoin infrastructure provider Fireblocks says that reports that it is in talks to be acquired by Visa for $2.5 billion are "news to us".
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Citing multiple sources, Axios reports that payments giant Visa is in late stage talks to buy Fireblocks.
However, a Fireblocks spokesperson told the publication: "We are aware of the rumours about a possible acquisition of Fireblocks by Visa. This is news to us, and not true at present time."
Visa has declined to comment on any deal for the firm, which specialises in crypto custody and hit an $8 billion valuation on a $550 million raise in 2022.
Visa rival Mastercard acquired stablecoin infrastructure platform BVNK earlier this year in a deal worth up to $1.8 billion.