TL;DR
- Fireblocks agreed to acquire TRES Finance in a $130M cash-and-equity transaction, expanding its infrastructure offering beyond custody and asset transfers.
- The deal adds crypto-native accounting and reporting tools used by more than 230 companies globally.
- TRES will continue operating as a standalone product while being integrated into institutional workflows, reflecting growing demand for compliant, audit-ready systems as crypto adoption accelerates.
Fireblocks has finalized the acquisition of TRES Finance for $130M, reinforcing its role as a key infrastructure provider for institutional crypto markets. The transaction highlights how financial reporting and operational transparency are becoming central to the next stage of digital asset adoption.
Fireblocks Strengthens Infrastructure With TRES Finance
The Fireblocks acquisition brings crypto accounting and financial reporting directly into a platform already used by exchanges, banks, and fintech firms to secure and transfer digital assets. TRES Finance converts on-chain activity into structured financial records that align with established accounting frameworks, a capability increasingly required by regulated institutions.
Founded in 2022, TRES built software designed specifically for crypto-native businesses, rather than adapting legacy accounting tools. Its platform aggregates wallet, exchange, and protocol data, allowing finance teams to track balances, cash flows, and liabilities across multiple blockchains. This approach reduces reliance on manual reconciliation and custom internal systems.
Fireblocks confirmed that TRES will continue to operate as a standalone product, while benefiting from tighter integration with custody and treasury operations. The deal follows Fireblocks’ acquisition of wallet technology firm Dynamic for roughly $90M, pointing to a broader effort to control more layers of institutional crypto infrastructure.
Crypto Accounting Becomes Central To Institutional Adoption
As crypto markets mature, companies are increasingly required to meet audit and compliance standards similar to traditional finance. Regulatory frameworks such as the EU’s MiCA have intensified the need for accurate reporting without sacrificing the efficiency of blockchain-based operations.
TRES Finance addresses this requirement by transforming fragmented on-chain data into reports compatible with enterprise systems. More than 230 firms already use its tools for tax compliance, reconciliation, and financial oversight. Clients include trading firms, infrastructure providers, and asset managers operating across multiple jurisdictions.
For companies expanding internationally or preparing for public listings, reliable crypto accounting has become a core operational function, supporting deeper integration between blockchain systems and established financial processes.
The Fireblocks acquisition of TRES Finance reflects the continued evolution of crypto infrastructure toward professional-grade financial tooling. By combining secure asset movement with audit-ready accounting, Fireblocks strengthens its appeal to institutions seeking scalable, compliant access to digital assets while maintaining the efficiency of on-chain finance.
