Fireblocks acquires crypto accounting platform TRES in $130M cash and equity deal
Fireblocks acquired crypto accounting platform TRES Finance for $130 million in cash and equity to enhance its infrastructure with audit-ready reporting.Summary
Fireblocks, a major digital asset custody and transaction infrastructure provider, has acquired TRES Finance, a crypto accounting platform, for $130 million in cash and equity. This strategic acquisition is intended to expand Fireblocks’s infrastructure to better serve enterprise clients facing increasing compliance and operational demands, especially amid tightening global digital asset regulations like MiCA and proposed US legislation.
The TRES platform specializes in transforming raw blockchain transaction data into structured formats suitable for enterprise resource planning systems and general ledgers, currently supporting over 230 clients including Alchemy and Wintermute. By integrating TRES, Fireblocks will offer new capabilities in accounting, financial reconciliation, and audit-ready data management.
The combined offering aims to assist clients in maintaining consistent financial reporting, meeting regulatory obligations, and streamlining internal financial controls as institutional adoption of digital assets continues to grow.
(Source：Crypto Briefing)