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.