Fireblocks buys crypto accounting platform TRES to become the ‘first complete operating system’ onchain
Fireblocks acquired onchain accounting platform TRES Finance to integrate audit-ready financial records into its digital asset management services.Summary
Blockchain infrastructure firm Fireblocks has acquired TRES Finance, an onchain accounting platform, in a reported $130 million deal involving cash and equity. This acquisition is intended to help Fireblocks become the "first complete operating system" for digital assets by integrating TRES's suite of accounting and reporting tools.
Fireblocks CEO Michael Shaulov stated that as business opportunities grow, there is an increasing operational demand for audit-ready, tax-compliant financial records for onchain activities. TRES currently serves over 230 firms, including Phantom and Dune, providing compliant financial records.
This move is part of Fireblocks' strategy to power its next growth phase amid intensifying global compliance requirements like MiCA in the EU and the GENIUS Act in the US. This is Fireblocks' fourth acquisition, following previous purchases of First Digital Assets Group, BlockFold, and Dynamic.
(Source：The Block)