Fireblocks Expands Into Crypto Accounting With TRES Finance Acquisition

Fireblocks, a major player in blockchain infrastructure, has acquired TRES Finance, a crypto accounting and financial reporting platform, for $130 million. The deal is the latest in a series of moves by Fireblocks to enhance its digital asset offerings and support institutional clients. TRES Finance provides tools that help organizations generate audit-ready, tax-compliant financial records from on-chain activity.

The acquisition brings financial-grade accounting and reporting capabilities to Fireblocks' platform, enabling institutions to manage the full lifecycle of digital asset operations. TRES Finance's software is already used by over 230 companies, including Phantom and Dune to deliver compliant financial records. The integration of TRES Finance is expected to help Fireblocks better serve its growing customer base, which includes both traditional financial institutions and crypto-native businesses.

Michael Shaulov, CEO of Fireblocks, emphasized the importance of compliance in the evolving crypto landscape. He stated that the acquisition will help customers meet regulatory standards such as MiCA in the EU and the GENIUS Act in the US. Shaulov also noted that the move is part of Fireblocks' broader strategy to become the dominant platform for digital asset operations.

Why Did This Happen?

The acquisition is driven by the growing need for compliance in the crypto space as the industry matures. Fireblocks has made several acquisitions in recent months, including Dynamic in October 2025, to expand its offerings and better serve institutional clients.

TRES Finance helps institutions track and monitor their crypto holdings, providing detailed financial records that align with traditional financial standards. This capability is especially valuable for companies preparing for public market entry or integrating crypto into their existing accounting systems.

What Does This Mean for Fireblocks and the Market?

The acquisition positions Fireblocks to provide a more comprehensive solution for institutions using blockchain technology. By integrating TRES Finance, Fireblocks can now offer secure infrastructure for holding and transferring digital assets, alongside financial reporting and compliance tools. According to reports, the platform will deliver the first unified operating system for digital assets.

TRES Finance's platform supports reconciliation, reporting, and accounting across multiple blockchains, exchanges, banks, and custodians. The platform currently monitors over $235 billion in assets and serves a diverse range of clients, including Revolut, Andreessen Horowitz, and PwC.

What Are Analysts Watching Next?

Analysts are monitoring how Fireblocks integrates TRES Finance into its existing infrastructure. The success of the acquisition will depend on Fireblocks' ability to maintain TRES Finance's standalone functionality while deepening its integration with institutional workflows.

The broader market is also watching for signs of increased M&A activity in the crypto space. In 2025, the number of crypto M&A transactions nearly doubled, reflecting a wave of optimism for digital assets under President Donald Trump's administration.

The regulatory environment is a key factor in Fireblocks' strategy. As governments introduce new regulations for digital assets, companies need robust systems to remain compliant. Fireblocks' expansion into accounting and reporting aligns with this trend and supports its growth in the institutional market.

The acquisition also highlights Fireblocks' focus on scalability and operational efficiency. By providing a unified platform for digital asset operations, Fireblocks is addressing the needs of institutions seeking to expand their on-chain activities while maintaining financial controls.

TRES Finance's co-founder, Tal Zackon, said the platform will continue to operate as a standalone product. He stated that Fireblocks will help accelerate TRES Finance's growth, enhance customer service, and deepen its technological advantage.

The deal underscores the increasing importance of financial infrastructure in the crypto industry. As more companies move their operations onto the blockchain, the need for compliant financial records and audit-ready reporting will continue to grow.

Fireblocks has also expanded its reach through partnerships, such as its collaboration with Zepz to provide stablecoin-powered remittances. These partnerships and acquisitions highlight Fireblocks' strategy of building a comprehensive ecosystem for digital asset operations.