Fireblocks acquires crypto accounting firm TRES Finance for $130 million in a major move to improve institutional compliance and reporting capabilities.
Quick Summary – TLDR:
- Fireblocks acquired TRES Finance for $130 million in a cash and equity deal.
- The acquisition expands Fireblocks’ infrastructure to include audit-ready financial reporting tools.
- TRES will continue to operate independently but with deeper integration into Fireblocks’ workflows.
- This move reflects the increasing demand for compliant crypto reporting as regulations tighten worldwide.
What Happened?
Fireblocks, a leader in digital asset custody and infrastructure, has purchased TRES Finance, a crypto accounting and reporting platform, for $130 million. The deal is a strategic push to bolster compliance capabilities and support institutional clients in an evolving regulatory environment.
The acquisition, which includes both cash and equity, will allow Fireblocks to offer robust financial reporting tools that transform fragmented blockchain data into structured, audit-ready records.
The infrastructure layer and the finance layer were disconnected.
— Fireblocks (@FireblocksHQ) January 7, 2026
Not anymore.
Fireblocks has acquired @TresDotFinance to deliver the first unified operating system for digital assets.
Here’s what changes → pic.twitter.com/Ej1zq9ZvqS
A Strategic Acquisition for a Regulated Future
With crypto markets shifting from unregulated territory into more structured oversight, firms like Fireblocks are aligning their services to meet emerging standards. TRES Finance, founded in 2022, helps businesses bridge the gap between blockchain-based transactions and traditional financial systems. Its tools are crucial for firms preparing to expand into new markets or eyeing public listings.
Fireblocks CEO Michael Shaulov highlighted the growing demand for financial transparency in crypto. He told Fortune:
Fireblocks already supports the secure movement and storage of digital assets. But what it lacked was in-depth data analytics and financial reporting. TRES fills that gap, offering CFOs and accountants a way to track crypto inflows, outflows, and holdings across wallets and platforms.
Why TRES Stands Out?
TRES Finance has built a reputation for turning complex blockchain data into enterprise-compatible reports, aligning with traditional ERP systems and financial ledgers. It serves over 230 companies, including:
- Alchemy
- Wintermute
- Finoa
- Nansen
- Phantom
- Bank Frick
- CoinFund
TRES also supports tax compliance, reconciliation, and internal financial controls. Its mission, according to cofounder Tal Zackon, is clear: “We want to get rid of the spreadsheets.”
The company raised $11 million in late 2023 and was acquired at a premium to its last valuation.
Integration Plans and Continued Growth
Fireblocks plans to maintain TRES as a standalone product, while also integrating it more deeply into its existing services. This is part of a broader strategy to create a full-spectrum treasury management solution for institutions managing digital assets at scale.
This acquisition is Fireblocks’ second in recent months. In October, it also acquired Dynamic, a developer platform used by Kraken, Magic Eden, and Ondo Finance, for an estimated $90 million.
Regulatory Push and Market Trends
The timing of the deal reflects broader trends in the digital asset space. Global regulations like the EU’s Markets in Crypto-Assets (MiCA) framework and proposed US legislation including the GENIUS Act are reshaping expectations around financial transparency and compliance in crypto.
According to Architect Partners, crypto-related mergers and acquisitions surged in 2025, with deals nearly doubling to 335. This uptick coincides with renewed optimism in the US under President Donald Trump, who is backing a suite of crypto-focused regulations.
SQ Magazine Takeaway
I think this is a brilliant move by Fireblocks. As someone who watches the crypto space closely, it’s clear that compliance is no longer optional. Institutions are demanding tools that speak the language of both blockchain and traditional finance, and TRES fits that need perfectly. It’s refreshing to see a company not just focus on asset security, but also address the messy, spreadsheet-filled world of crypto accounting. This acquisition isn’t just smart, it’s essential for the future of crypto infrastructure.
