Fireblocks, a US-based digital asset infrastructure company, has agreed to acquire crypto accounting and tax platform TRES for $130 million (€111.3m), aiming to provide institutions with audit-ready, tax-compliant on-chain financial records.

“Both crypto-native firms and traditional institutions need clear, accurate accounting and auditability,” Fireblocks chief executive Michael Shaulov said in a statement.

The acquisition responds to growing demand for robust accounting infrastructure as stablecoin usage and on-chain treasury operations expand. Fireblocks reported stablecoin settlements now exceed “hundreds of billions” of dollars each month, with many firms running full treasury operations on-chain.

By integrating TRES, Fireblocks said clients will be able to manage digital asset operations while generating compliant financial records within a single platform. The company emphasised that the combined offering supports institutions seeking compliance while scaling blockchain-based operations.

Shaulov added, “We believe that we will be able to create a much broader treasury management solution that is kind of full spectrum.”

TRES will continue to operate as a standalone platform. TRES chief executive and co-founder Tal Zackon stated, “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.”

The acquisition follows Fireblocks’ expansion efforts, including integrating the technology stack of enterprise wallet provider Dynamic and partnering with Singapore Gulf Bank to support digital asset custody and treasury management.

These moves position Fireblocks as an end-to-end infrastructure provider for institutional crypto users, combining custody, settlement, accounting, and compliance tools under a single umbrella.

Explore how Fireblocks’ TRES acquisition strengthens crypto accounting compliance for large-scale institutional operations in the full story.

Photo credits to TRES’ official website