Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Fireblocks expands into crypto financial rep
Finance
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Fireblocks expands into crypto financial rep
Fireblocks expands into crypto financial reporting with $130 million TRES acquisition
Fireblocks expands into crypto financial reporting with $130 million TRES acquisition
TRES helps companies generate compliant financial records from blockchain activity, enabling them to meet audit standards and regulatory requirements.
By Francisco Rodrigues, AI Boost|Edited by Sheldon Reback
Jan 7, 2026, 4:19 p.m.
Make us preferred on Google
Left to right: Fireblocks co-founders Pavel Berengoltz, Michael Shaulov and Idan Ofrat. (Fireblocks, modified by CoinDesk)
What to know:
- Fireblocks said it bought TRES Finance, a crypto accounting and financial reporting platform, to bridge blockchain and traditional finance systems.
- The purchase cost $130 million, according to Fortune, which cited people familiar with the negotiations.
- TRES, which will operate as a standalone product, helps companies generate compliant financial records from blockchain activity, enabling them to meet audit standards and regulatory requirements.
Digital asset infrastructure firm Fireblocks said it bought TRES Finance, a crypto accounting and financial reporting platform for an undisclosed amount, in a bid to close the gap between blockchain-based operations and traditional finance systems.
TRES will continue to operate as a standalone product, with Fireblocks supporting its growth and integrating it more deeply into institutional workflows. The acquisition was valued at $130 million, according to people familiar with the negotiations cited by Fortune.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Sign me up
As the cryptocurrency market matures, companies are moving from what has largely been a grey area into a regulated space. Compliance is therefore now a necessity as adoption rises and global regulations like MiCA start taking effect and the ability to bridge on-chain data with traditional audit standards is growing.
TRES is designed to help crypto-native companies and traditional institutions generate structured, compliant financial records from blockchain activity, a task that typically requires custom infrastructure and manual reconciliation.
Companies expanding into new markets or preparing for public offerings face pressure to produce audit-ready records. TRES enables this by turning fragmented blockchain data into reports that align with existing enterprise systems.
Over 230 companies, including firms like Finoa, Alchemy and Wintermute, already use TRES to manage tax compliance, reconciliation and financial control, according to a Fireblocks press release.
The acquisition follows Fireblocks’ October acquisition of Dynamic, a developer platform used by companies including Kraken, Magic Eden and Ondo Finance.
FireblocksInfrastructureacquisitionmergers and acquisitions
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market
Commissioned byKuCoin
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
View Full Report
More For You
World's elites want to invest big in crypto and Binance is moving to help them
Binance’s head of VIP and Institutional, Catherine Chen, talks about the conversations she has been having with ultra-wealthy investors and family offices.
What to know:
- Binance has recently expanded its mass affluent-focused Binance Wealth service with an ultra-high-net-worth (HNW) offering called Binance Prestige.
- It aims to provide a "high-touch" service that includes personalized guidance, customized custody solutions, and one-on-one conversations to inform a range of sophisticated trading strategies.
- The platform aims to onboard clients with assets valued at $10 million or more.
Read full story
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
UNI Technical Analysis Jan 22
The post UNI Technical Analysis Jan 22 appeared on BitcoinEthereumNews.com. UNI is trading at the $4.82 level with a %3.92 drop intraday. While the primary downtrend
Share
BitcoinEthereumNews2026/01/23 06:45
Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO
The post Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO appeared on BitcoinEthereumNews.com. Aave DAO is gearing up for a significant overhaul by shutting down over 50% of underperforming L2 instances. It is also restructuring its governance framework and deploying over $100 million to boost GHO. This could be a pivotal moment that propels Aave back to the forefront of on-chain lending or sparks unprecedented controversy within the DeFi community. Sponsored Sponsored ACI Proposes Shutting Down 50% of L2s The “State of the Union” report by the Aave Chan Initiative (ACI) paints a candid picture. After a turbulent period in the DeFi market and internal challenges, Aave (AAVE) now leads in key metrics: TVL, revenue, market share, and borrowing volume. Aave’s annual revenue of $130 million surpasses the combined cash reserves of its competitors. Tokenomics improvements and the AAVE token buyback program have also contributed to the ecosystem’s growth. Aave global metrics. Source: Aave However, the ACI’s report also highlights several pain points. First, regarding the Layer-2 (L2) strategy. While Aave’s L2 strategy was once a key driver of success, it is no longer fit for purpose. Over half of Aave’s instances on L2s and alt-L1s are not economically viable. Based on year-to-date data, over 86.6% of Aave’s revenue comes from the mainnet, indicating that everything else is a side quest. On this basis, ACI proposes closing underperforming networks. The DAO should invest in key networks with significant differentiators. Second, ACI is pushing for a complete overhaul of the “friendly fork” framework, as most have been unimpressive regarding TVL and revenue. In some cases, attackers have exploited them to Aave’s detriment, as seen with Spark. Sponsored Sponsored “The friendly fork model had a good intention but bad execution where the DAO was too friendly towards these forks, allowing the DAO only little upside,” the report states. Third, the instance model, once a smart…
Share
BitcoinEthereumNews2025/09/18 02:28
Pi Coin Price Prediction: Critical Support Level is Being Tested – Long-Term Setup Could Surprise Everyone
The Pi Coin price prediction has become much more bullish today, after the alt bounced strongly off a key support level.
Share
Coinstats2026/01/23 06:44