Fireblocks announced it has entered into an agreement to acquire TRES Finance, an enterprise financial data, accounting, and reporting platform for digital assets, in a deal aimed at giving institutions an end-to-end stack for on-chain finance—from transaction execution through back-office financial reporting.
Fireblocks, which says it secures more than $4 trillion in digital asset transfers annually, framed the move as a response to growing institutional participation in digital assets alongside rising expectations for reconciliation, audit-ready reporting, and tax compliance across multiple providers, protocols, and asset types. The company said TRES adds the “financial intelligence” needed to translate blockchain activity into contextualized, audit-ready records that align with traditional ERP, ledger, and reporting workflows.
Fireblocks said the combined platform will create a single workflow where financial records retain full context from the moment a transaction is created, strengthening reconciliation, audit preparation, tax reporting, and regulatory processes as on-chain activity scales. TRES said it supports more than 200 organizations, and its platform automates reconciliation, reporting, and accounting across more than 280 blockchains, exchanges, banks, and custodians.
KEY QUOTES:
“With digital assets now part of day-to-day financial operations, both crypto-native firms and traditional institutions need clear, accurate accounting and auditability. Crypto companies must meet higher standards around tax reporting and disclosures, while banks and fintechs need reconciliation and controls that align with their existing ERP and ledger systems. By bringing TRES into the Fireblocks ecosystem, customers can now run both their operations and their back-office finance on one secure, compliant, and scalable stack.”
Michael Shaulov, Co-founder and CEO, Fireblocks
“The TRES team has built the financial record-keeping behind onchain activity, delivering clean, audit-ready data for institutions operating at scale. Joining Fireblocks allows us to extend this capability globally and help create the end-to-end financial stack institutions will rely on as the world moves onto blockchain rails.”
Tal Zackon, Co-founder and CEO, TRES Finance
