Fireblocks is making waves in the crypto infrastructure space, announcing a $130 million acquisition of TRES Finance to build a one-stop platform for businesses managing digital assets. The move aims to streamline accounting, reporting, and asset management for corporate crypto users.
Michael Shaulov, CEO of Fireblocks, said the acquisition strengthens confidence for businesses navigating regulatory expectations for transparency and record-keeping. TRES Finance’s tools track profits, losses, and balances across multiple wallets and blockchains, replacing tedious spreadsheets with automated reporting.
TRES and Fireblocks have collaborated for two years, with the acquisition bringing the full team onboard to continue developing their product. This marks Fireblocks’ second major purchase in three months, following the $90 million acquisition of Dynamic, a crypto wallet platform.
Tal Zackon, CEO of TRES, called the deal “a paradigm shift” for institutional digital asset management, creating a unified “operating system” for cryptocurrencies. Analysts note that such integrations could drive broader adoption of crypto in enterprise settings while improving operational efficiency.
Environmental considerations remain, with many companies exploring cleaner energy solutions and Proof-of-Stake platforms to reduce crypto’s carbon footprint.
