Fireblocks has finalized the acquisition of TRES, a crypto accounting and tax platform, for $130 million, marking a significant milestone in the company’s strategy to consolidate its institutional services. The goal is to provide an integrated solution capable of meeting growing compliance, audit, and reporting requirements for firms managing substantial amounts of cryptocurrency.
Fireblocks acquisition aims to tighten regulatory and accounting rules
The acquisition comes at a time when stablecoin settlements and on-chain treasury operations are expanding rapidly, with hundreds of billions of dollars transacted each month. As blockchain financial flows intensify, firms require robust accounting infrastructures that ensure accuracy and regulatory compliance.
Michael Shaulov, CEO of Fireblocks, emphasized in a press release that “crypto-native companies, like traditional financial institutions, now need clear and auditable accounting processes.” By integrating TRES’s technology, Fireblocks aims to allow clients to manage digital asset operations while generating compliant financial documents within a single platform, offering audit-ready tax records essential for institutional growth.
Towards a comprehensive treasury management solution
The acquisition is part of Fireblocks’ broader vision of creating a full-spectrum treasury management solution. Tal Zackon, co-founder and CEO of TRES, reassured existing users that the platform will continue to operate independently. However, with Fireblocks’ resources and scale, TRES is expected to accelerate growth, improve customer service, and strengthen security and technological readiness for large enterprises.
Fireblocks pursues the creation of a complete crypto ecosystem
This $130 million acquisition is one of several strategic moves by Fireblocks to expand its offerings. With over 2,400 institutional clients and more than $10 trillion in transaction volume supported to date, Fireblocks is solidifying its position as a leading provider of end-to-end infrastructure solutions for digital assets.
Recent initiatives include integrating technology from dynamic wallet providers and announcing collaborations with the XION blockchain and Singapore Gulf Bank. These moves reflect Fireblocks’ commitment to supporting institutions at every stage—from custody and cash management to settlement and now accounting compliance.
Raising the bar: Fireblocks and the next level of regulatory standards
By acquiring TRES, Fireblocks is anticipating the professionalization of on-chain activity and the increasing regulatory scrutiny of digital assets. Unified tools that combine custody, settlement, and accounting are likely to become essential for institutional players.
This consolidation signals a potential shift in the industry, where regulatory compliance and audit readiness become central to the mainstream adoption of cryptocurrencies.
Source: Fireblocks
