• Fireblocks buys TRES to add accounting and tax compliance to its on-chain platform.
  • The deal helps institutions meet growing crypto regulations as adoption scales.

Fireblocks, which is a large Crypto Infrastructure Platform, agreed to buy TRES for $130 million. Their goal is to help the large Companies and Financial institutions handle Crypto taxes, Accounting and Audits more easily and to become a Complete Operating System for managing digital assets on the chain. 

The Complete Operating System means combining Fireblocks and TRES, where Institutions can now store Crypto safely, send and receive Crypto, and set approval rules and control risk. It can also create audit-ready accounting and tax reports manually. This can be done on one platform instead of using multiple tools.  

TRES Finance is a Crypto accounting and Tax Compliance Platform built for the Inchain Activity. They provide audit-ready financial records for on-chain activity. More than 230 companies already use TRES, including wallets and analytics firms, to make sure their Crypto transactions meet regulatory and accounting standards. 

How Fireblocks Is Solving Crypto’s Accounting and Compliance Gap

More companies are now using stablecoin payments and running treasury operations directly on blockchains and managing large volumes of on-chain transactions. This created a problem in accounting and tax compliance. So Fireblocks wants to solve this problem by combining all these in one system. After the acquisition, Fireblocks clients can mange Crypto operations and generate compliant financial reports in one place. TRES tools will be integrated into the Fireblocks platform and will still operate as a standalone product for now. So the lack of built-in accounting and tax compliance was filled by TRES. 

The Fireblocks CEO said Companies now face stricter rules under laws like MiCA in the EU and the GENIUS ACT in the U.S. These rules require accurate transaction records and Full tax compliance with Audit ready Reporting. So this deal directly targets the needs of the bigger companies. Fireblocks is building a full-stack Crypto infrastructure through several acquisitions. In 2022, with the first digital asset groups; In 2023, with Tokenization firm Blockfold; and in 2026, with the Accounting Platform TRES. This positions Fireblocks as a core backbone for institutional Crypto adoption. 

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