Fireblocks expands into crypto financial reporting with $130 million TRES acquisition
Fireblocks acquired crypto accounting platform TRES Finance for $130 million to bridge blockchain operations with traditional finance reporting.Summary
Digital asset infrastructure firm Fireblocks has acquired TRES Finance, a crypto accounting and financial reporting platform, in a move aimed at bridging blockchain operations with traditional finance systems. The acquisition was reportedly valued at $130 million. TRES, which will operate as a standalone product supported by Fireblocks, specializes in helping crypto-native companies and institutions generate structured, compliant financial records from complex blockchain data, aligning them with audit standards and regulatory requirements like MiCA. Over 230 companies, including Finoa, Alchemy, and Wintermute, currently use TRES for tax compliance and reconciliation. This purchase follows Fireblocks' earlier acquisition of the developer platform Dynamic.
(Source：CoinDesk)