Fireblocks Acquires TRES Finance for $130 Million
Fireblocks has agreed to acquire TRES Finance for $130 million, the companies announced Wednesday.
The acquisition brings together Fireblocks' digital asset infrastructure platform with TRES Finance's enterprise financial data and reporting capabilities, creating what the companies describe as a complete operating system for institutional digital asset operations.
TRES Finance provides financial-grade accounting, reconciliation, and audit-ready reporting for blockchain transactions. The platform serves more than 200 organizations, including Alchemy, Bank Frick, Dune, Finoa, M2, and Wintermute.
"With digital assets now part of day-to-day financial operations, both crypto-native firms and traditional institutions need clear, accurate accounting and auditability," Michael Shaulov, co-founder and CEO of Fireblocks said in a statement. He noted that crypto companies face higher standards for tax reporting while banks and fintechs require reconciliation that aligns with existing ERP and ledger systems.
The combined platform will enable institutions to manage digital asset operations from transaction execution through financial reporting in a single workflow. This includes reconciliation, audit preparation, tax reporting, and regulatory compliance processes.
Tal Zackon, co-founder and CEO of TRES Finance, said joining Fireblocks allows the company to extend its capabilities globally as institutions move onto blockchain infrastructure.
According to Fireblocks, the platform secures more than $4 trillion in digital asset transfers annually and serves both crypto-native companies and traditional financial institutions.
The acquisition addresses growing institutional demand for robust financial reporting as regulatory frameworks develop globally and digital assets become more established in institutional portfolios.
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