Digital asset infrastructure firm Fireblocks has agreed to acquire crypto accounting and tax platform TRES for $130 million, a move aimed at strengthening compliance and audit capabilities for institutions managing digital assets at scale.
The deal reflects growing demand for robust accounting infrastructure as stablecoin usage and on-chain treasury activity expand rapidly.
Fireblocks confirmed the acquisition value to Fortune on Wednesday, highlighting the importance of compliance tools for enterprises increasingly operating on blockchain networks.
The company said stablecoin settlements now exceed “hundreds of billions” of dollars each month, while more firms are running entire treasury operations on-chain.
Rising on-chain activity drives compliance needs
Fireblocks said the surge in blockchain-based financial activity has created an urgent need for accurate, audit-ready accounting systems.
As institutions adopt digital assets for payments, treasury management, and settlements, they face mounting regulatory and tax-reporting obligations.
“Both crypto-native firms and traditional institutions need clear, accurate accounting and auditability,” Fireblocks chief executive Michael Shaulov said in a statement.
By integrating TRES, Fireblocks said clients will be able to manage digital asset operations while generating compliant financial records within a single platform.
TRES’ infrastructure will provide Fireblocks customers with tax-compliant, audit-ready records of their on-chain financial activity.
The company emphasized that the combined offering is designed to support institutions seeking to remain compliant while scaling blockchain-based operations.
Shaulov said the acquisition is part of a broader strategy to build a full-spectrum treasury management solution.
“We believe that we will be able to create a much broader treasury management solution that is kind of full spectrum,” he said.
TRES to remain standalone platform
TRES chief executive and co-founder Tal Zackon said the platform will continue to operate as a standalone product, with no immediate changes for existing customers or partners.
In a blog post, Zackon said Fireblocks’ scale and resources would help accelerate TRES’ growth, improve customer service, and strengthen security and enterprise readiness.
“Fireblocks will leverage their size and skill set to accelerate our growth, perfect our customer service, enhance our security and enterprise readiness, and deepen our technological advantage,” Zackon said.
Fireblocks provides crypto custody, transfer, and settlement services, and says it works with around 2,400 enterprises globally.
The company claims to have supported more than $10 trillion in transaction volume and has expanded into stablecoin infrastructure, helping clients issue and manage their own tokens.
Building an end-to-end crypto infrastructure stack
The TRES acquisition follows a series of moves by Fireblocks to broaden its product offering as institutional adoption of digital assets grows.
In late October, the firm acquired and integrated the technology stack of enterprise wallet provider Dynamic, strengthening its wallet and user-access capabilities.
More recently, Fireblocks announced an integration with XION, a Layer-1 blockchain designed for mainstream adoption.
The company has also partnered with Singapore Gulf Bank, a licensed digital wholesale bank regulated by the Central Bank of Bahrain, to support digital asset custody and treasury management.
Together, these developments underscore Fireblocks’ push to position itself as an end-to-end infrastructure provider for institutional crypto users.
As regulatory scrutiny intensifies and on-chain activity continues to scale, the company is betting that demand for integrated custody, settlement, accounting, and compliance tools will continue to grow.
The post Fireblocks to buy crypto accounting firm TRES for $130M to boost compliance appeared first on Invezz
