Fireblocks Acquires TRES for $130M to Boost Crypto Financial Reporting & Compliance

Fireblocks, a leading digital asset custody platform, has strategically acquired TRES, a crypto-focused financial reporting and treasury system, for $130 million. This major move expands Fireblocks' enterprise infrastructure into the critical areas of financial operations, accounting, and compliance reporting for institutional clients. The integration of TRES's technology will allow Fireblocks' users to automate complex financial workflows, generate real-time reports for audits and regulators, and gain deeper insights into their crypto treasury management. This acquisition underscores the growing demand for sophisticated, institutional-grade tools in the cryptocurrency sector as adoption increases and regulatory scrutiny intensifies. The deal positions Fireblocks as a more comprehensive service provider, directly competing in the expanding crypto-financial operations software market.