Key Takeaways
- Fireblocks acquired TRES Finance for $130M in cash and equity.
- The deal expands Fireblocks’ infrastructure to include audit-ready accounting and financial reporting capabilities.
Fireblocks, a digital asset custody and transaction infrastructure provider, has acquired crypto accounting platform TRES Finance in a deal valued at $130 million in cash and equity, according to executives cited by Fortune.
The acquisition aims to expand Fireblocks’ infrastructure to meet rising compliance and operational demands from enterprise clients.
Founded over seven years ago, Fireblocks has grown into a leading provider enabling institutions to securely move and manage trillions of dollars in assets.
The TRES platform transforms blockchain transaction data into structured formats compatible with enterprise resource planning systems and general ledgers. The platform supports over 230 clients, including Alchemy, Dune, Wintermute, M2, and Bank Frick.
With the integration, Fireblocks is expected to offer new capabilities in accounting, financial reconciliation, and audit-ready data management.
The deal comes as jurisdictions worldwide implement tighter regulations on digital asset activity, including the EU’s Markets in Crypto-Assets Regulation and proposed US legislation such as the GENIUS Act.
The combined offering is expected to help clients maintain consistent reporting, meet regulatory obligations, and streamline internal financial controls as digital asset adoption grows.
Source: https://cryptobriefing.com/fireblocks-acquires-tres-finance/