Fireblocks Acquires TRES for $130M to Bridge Crypto Accounting Gap
Fireblocks' $130 million acquisition of crypto accounting platform TRES marks a strategic push into institutional treasury management. The deal combines Fireblocks' infrastructure serving 2,400 enterprises with TRES' tax and compliance tools, creating an end-to-end solution for on-chain finance.
Stablecoin settlements now exceed hundreds of billions monthly, exposing critical gaps in blockchain-native accounting. "The infrastructure LAYER and finance layer were disconnected. Not anymore," Fireblocks tweeted, positioning the acquisition as a unified operating system for digital assets.
TRES will operate independently while integrating with Fireblocks' $10 trillion transaction ecosystem. The MOVE reflects growing enterprise demand as corporate treasuries increasingly adopt blockchain rails.
