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 [email protected] 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
Stellar (XLM) Eyes $0.28 After Roadmap Signals Stablecoin and Lending Growth
Stellar (XLM) is taking major steps in the world of DeFi with its new Q1 2026 roadmap that has been rolled out. This new roadmap is focused on the upcoming mainnet
Share
Tronweekly2026/01/12 03:30
X Smart Cashtags: Elon Musk’s Platform Eyes Crypto and Stock Trading Integration
A newly teased feature called Smart Cashtags, revealed by X’s head of product Nikita Bier, suggests the platform is moving beyond passive market commentary toward
Share
Coinstats2026/01/12 02:18
The Manchester City Donnarumma Doubters Have Missed Something Huge
The post The Manchester City Donnarumma Doubters Have Missed Something Huge appeared on BitcoinEthereumNews.com. MANCHESTER, ENGLAND – SEPTEMBER 14: Gianluigi Donnarumma of Manchester City celebrates the second City goal during the Premier League match between Manchester City and Manchester United at Etihad Stadium on September 14, 2025 in Manchester, England. (Photo by Visionhaus/Getty Images) Visionhaus/Getty Images For a goalkeeper who’d played an influential role in the club’s first-ever Champions League triumph, it was strange to see Gianluigi Donnarumma so easily discarded. Soccer is a brutal game, but the sudden, drastic demotion of the Italian from Paris Saint-Germain’s lineup for the UEFA Super Cup clash against Tottenham Hotspur before he was sold to Manchester City was shockingly brutal. Coach Luis Enrique isn’t a man who minces his words, so he was blunt when asked about the decision on social media. “I am supported by my club and we are trying to find the best solution,” he told a news conference. “It is a difficult decision. I only have praise for Donnarumma. He is one of the very best goalkeepers out there and an even better man. “But we were looking for a different profile. It’s very difficult to take these types of decisions.” The last line has really stuck, especially since it became clear that Manchester City was Donnarumma’s next destination. Pep Guardiola, under whom the Italian will be playing this season, is known for brutally axing goalkeepers he didn’t feel fit his profile. The most notorious was Joe Hart, who was jettisoned many years ago for very similar reasons to Enrique. So how can it be that the Catalan coach is turning once again to a so-called old-school keeper? Well, the truth, as so often the case, is not quite that simple. As Italian soccer expert James Horncastle pointed out in The Athletic, Enrique’s focus on needing a “different profile” is overblown. Lucas Chevalier,…
Share
BitcoinEthereumNews2025/09/18 07:38