Fireblocks expands into crypto financial reporting with $130 million TRES acquisition
Digital asset infrastructure firm Fireblocks said it bought TRES Finance, a crypto accounting and financial reporting platform for an undisclosed amount, in a bid to close the gap between blockchain-based operations and traditional finance systems.
TRES will continue to operate as a standalone product, with Fireblocks supporting its growth and integrating it more deeply into institutional workflows. The acquisition was valued at $130 million, according to people familiar with the negotiations cited by Fortune.
As the cryptocurrency market matures, companies are moving from what has largely been a grey area into a regulated space. Compliance is therefore now a necessity as adoption rises and global regulations like MiCA start taking effect…
