Fireblocks acquires TRES to add crypto financial reporting tools

Digital asset infrastructure firm Fireblocks said it has bought TRES Finance, a crypto accounting and financial reporting platform, in a bid to close the gap between blockchain-based operations and traditional finance systems.

TRES helps companies generate structured, compliant financial records from blockchain activity so they can meet audit standards and regulatory requirements. Fireblocks said TRES will continue to operate as a standalone product, with the company supporting its growth and integrating it more deeply into institutional workflows.

The deal was described as for an undisclosed amount; the acquisition was valued at $130 million, according to people familiar with the negotiations cited by Fortune. Fireblocks said in a press release that over 230 companies, including Finoa, Alchemy and Wintermute, use TRES for tax compliance, reconciliation and financial control.

The move comes as the cryptocurrency market matures and compliance becomes increasingly necessary with global regulations like MiCA starting to take effect. The acquisition follows Fireblocks’ October purchase of Dynamic; exact financial terms of the TRES transaction remain undisclosed beyond the reported valuation.

Key Topics

Crypto, Fireblocks, Tres Finance, Mica, Finoa, Alchemy