Fireblocks Acquires Crypto Accounting Platform TRES For $130M
Fireblocks acquired crypto accounting platform TRES for $130 million to enhance institutional compliance and treasury management solutions.Summary
Digital asset infrastructure company Fireblocks has acquired crypto accounting platform TRES for $130 million to integrate tax compliance infrastructure aimed at institutional clients. Fireblocks CEO Michael Shaulov stated that the acquisition addresses the strong need for accurate blockchain accounting protocols as stablecoin settlements and enterprise treasury flows increase on-chain. The integration will provide Fireblocks clients with "audit-ready, tax-compliant financial records." TRES CEO Tal Zackon confirmed that TRES will continue as a standalone product while leveraging Fireblocks' resources to accelerate growth and enhance security. This acquisition follows Fireblocks' recent integration of Dynamic's technology stack, further bolstering its enterprise offerings.
(Source：Cointelegraph)