Fireblocks, a blockchain infrastructure firm, reached an agreement to purchase TRES Finance, a platform specializing in on-chain accounting.
The deal is valued at $130 million and will be settled using a combination of cash and equity.
Announced on January 7, this development integrates TRES Finance’s compliance-focused financial reporting tools into the Fireblocks suite.
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With the addition of TRES Finance, Fireblocks provides secure digital asset management and audit-ready accounting processes.
This extension enables institutions to collect transactional information and merge it with recognized finance and compliance protocols. Connections to enterprise resource planning (ERP) systems become easier.
TRES Finance will continue to operate as an independent product under Fireblocks but will form part of a larger institutional toolkit. This combined solution is designed to help organizations manage the entire process from transaction execution to back-office accounting using one integrated approach.
Fireblocks CEO Michael Shaulov stated that this purchase enables clients to meet higher audit and tax reporting standards and align their workflows with enterprise-level finance operations.
Tal Zackon, who leads TRES Finance, mentioned that the partnership enables the expansion of audit-focused record tools globally by leveraging Fireblocks’ platform.
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