Fireblocks has agreed to acquire crypto accounting and reporting platform TRES Finance in a deal valued at approximately $130 million, according to Fortune.
The transaction, which combines cash and equity, marks Fireblocks’ expansion into financial reporting and compliance infrastructure as institutional adoption of digital assets continues to grow.
Expanding into crypto accounting and reporting
TRES Finance provides accounting, reconciliation, and reporting tools designed for crypto-native firms, exchanges, and financial institutions operating across multiple blockchains.
Fireblocks said the acquisition will allow it to offer a more comprehensive suite of services to institutional clients, spanning secure custody, transaction management, and back-office reporting.
Institutional demand and regulatory pressure
Company executives told Fortune that the deal reflects growing demand from asset managers, exchanges, and enterprises seeking standardized accounting and compliance workflows for digital assets.
The acquisition comes as regulators in major jurisdictions advance stricter reporting and transparency requirements for crypto firms, increasing pressure on infrastructure providers to deliver institutional-grade accounting and compliance solutions.
Integration plans and next steps
TRES Finance will continue operating as part of Fireblocks following the acquisition, with its tools expected to be integrated into Fireblocks’ existing platform over time.
Fireblocks did not disclose a specific closing date for the transaction but said the deal remains subject to customary regulatory approvals.
