Overview
- Fireblocks is acquiring TRES Finance in a transaction valued at $130 million in cash and equity, according to Fortune.
- The purchase is intended to add audit-ready accounting and financial reporting that bridge on-chain data with traditional finance systems.
- Fireblocks said TRES will continue operating as a standalone product while it is integrated into the company’s institutional workflows.
- CEO Michael Shaulov said the combined offering will evolve into a full-spectrum treasury management solution.
- TRES serves more than 230 customers, including Finoa, Alchemy and Wintermute, and the deal follows Fireblocks’ October acquisition of wallet developer Dynamic as crypto M&A accelerates.