Fireblocks Acquires TRES for $130M to Boost Crypto Tax Compliance
Fireblocks has agreed to acquire crypto accounting and tax platform TRES for $130 million, a move aimed at strengthening compliance tools for institutions managing digital assets at scale. The acquisition underscores the growing institutional demand for audit-ready blockchain accounting solutions as stablecoin volumes surge and on-chain treasury activity expands.
Stablecoin settlements now exceed hundreds of billions monthly, with enterprises increasingly running treasury operations directly on-chain. "Both crypto-native firms and traditional institutions need clear, accurate accounting and auditability," said Fireblocks CEO Michael Shaulov. The deal positions Fireblocks as a full-stack crypto treasury infrastructure provider.