Overview
- Fireblocks said it entered an agreement to buy the crypto accounting platform, with multiple outlets reporting a cash-and-equity price of about $130 million.
- TRES will continue as a standalone product while Fireblocks integrates its reconciliation, tax compliance, and financial-reporting tools into an enterprise stack.
- The combined offering aims to turn on-chain transaction data into structured, ERP- and ledger-ready records that meet audit standards.
- Executives pitched the deal as enabling a unified operating system for digital assets for thousands of Fireblocks clients and more than 200 TRES customers.
- The purchase is Fireblocks’ second in three months after buying wallet startup Dynamic for roughly $90 million, reflecting accelerating crypto M&A and institutional adoption.