Fireblocks acquires TRES in $130M crypto accounting deal

Fireblocks has acquired crypto accounting and tax compliance platform TRES for $130m to expand its institutional services.

The company said rising on-chain treasury activity and large-scale stablecoin settlements have increased demand for robust accounting infrastructure.

Fireblocks said stablecoin settlements now exceed hundreds of billions of dollars each month.

Both crypto-native firms and traditional institutions need clear, accurate accounting and auditability.

Michael Shaulov said.

The integration will allow clients to manage digital asset operations alongside audit-ready and tax-compliant financial records.

Fireblocks said the acquisition strengthens its ability to help enterprises remain compliant while using blockchain technology.

We believe that we will be able to create a much broader treasury management solution that is kind of full spectrum.

Michael Shaulov said.

TRES will continue operating as a standalone product following the acquisition.

Fireblocks will leverage their size and skill set to accelerate our growth and deepen our technological advantage.

Tal Zackon said.

Fireblocks said it supports more than 2,400 enterprises and has processed around $10tn in transactions.