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. Key Takeaways: Fireblocks is acquiring TRES for $130 million to strengthen tax and accounting compliance for institutional crypto users. Surging stablecoin volumes and on-chain treasury activity are driving demand for audit-ready blockchain accounting tools. The deal advances Fireblocks’ goal of offering a full-stack crypto treasury and infrastructure platform. The deal comes as on-chain activity continues to expand across corporate treasuries and payment systems. Rising Stablecoin Volumes Drive Demand for Crypto Accounting Tools Fireblocks said Wednesday that stablecoin settlements now exceed hundreds of billions of dollars each month, while an increasing number of enterprises are running full treasury operations directly on blockchain networks. That shift, the company said, has created growing demand for robust accounting and audit infrastructure. “Both crypto-native firms and...

https://cryptonews.com/news/fireblocks-acquires-tres-for-130m-to-boost-crypto-tax-compliance/