Fireblocks acquired TRES Finance for $130 million.

Fireblocks Takes a Step into Crypto Finance Reporting

Fireblocks announced the acquisition of TRES Finance, a crypto accounting and financial reporting platform. This acquisition aims to bridge the gap between blockchain and traditional financial systems. According to Fortune magazine, sources familiar with the negotiations indicated that the cost of the deal is 130 million dollars.

TRES will operate as an independent product. This platform helps companies create compliant financial records from their blockchain activities, allowing them to meet audit standards and regulatory requirements.