Fireblocks has agreed to acquire crypto accounting platform TRES Finance in a cash-and-equity deal valued at about $130 million, as the infrastructure provider moves to build what it calls a unified operating system for digital assets.
Deal Terms and Strategic Rationale
People familiar with the negotiations told Fortune the purchase price comes to roughly $130 million, paid in a mix of cash and Fireblocks equity. The deal marks Fireblocks’ second acquisition in a few months, following its reported 90 million dollar purchase of wallet startup Dynamic in October 2025.
Fireblocks, last valued at 8 billion dollars in a 2022 funding round, secures more than 4 trillion to 10 trillion dollars in digital asset transfers annually for banks, fintechs and crypto firms. By adding TRES, the company aims to combine secure transaction execution with accounting-grade data, creating a stack that covers front, middle and back office workflows for digital assets.
What TRES Finance Brings
TRES Finance specializes in transforming complex blockchain activity into structured, audit-ready financial records for enterprises. Its software aggregates data across more than 280 blockchains, exchanges, banks and custodians to give CFOs and finance teams a consolidated view of balances, flows and exposures.
The platform serves over 200 organizations, including names such as Alchemy, Bank Frick, Dune, Finoa, M2 and Wintermute, and supports reconciliation, reporting and tax preparation aligned with traditional audit standards.
TRES positions itself as purpose-built crypto accounting software that replaces spreadsheet-based, ad hoc tooling still common in corporate digital asset treasuries.
Building a Digital Asset Operating System
Fireblocks says integrating TRES will let customers run day-to-day operations and back-office finance on a single secure, compliant stack. Transactions initiated through Fireblocks can carry full contextual data directly into TRES-powered ledgers, tightening reconciliation, controls and regulatory reporting for institutions subject to increasingly detailed disclosure rules.
Executives from both companies describe the combined platform as foundational infrastructure for “onchain finance,” linking settlement, treasury management, accounting and compliance in one environment.
As more banks, asset managers and corporates move activity onto blockchain rails, Fireblocks is betting that integrated security and financial intelligence will become a standard requirement rather than a niche add-on.
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