Deal strengthens institutional compliance as stablecoin settlement volumes surge
Digital asset infrastructure provider Fireblocks has acquired crypto accounting and tax compliance platform TRES in a deal valued at $130 million, expanding its institutional offering as on-chain treasury activity accelerates.
The acquisition comes as stablecoin settlements exceed hundreds of billions of dollars per month, with enterprises increasingly running entire treasury operations on blockchain networks. Fireblocks said the integration addresses growing demand for accurate accounting, auditability, and regulatory compliance across digital asset operations.
Under the agreement, TRES will provide Fireblocks clients with audit-ready and tax-compliant financial records, allowing institutions to manage digital asset custody, transfers, settlements, and accounting within a single secure and scalable infrastructure stack. Fireblocks emphasized that both crypto-native companies and traditional financial institutions require clear financial intelligence as blockchain adoption expands.
TRES will continue operating as a standalone product, with no changes to its existing customers or partners. Fireblocks plans to leverage its scale to accelerate TRES’ growth, enhance enterprise security, and deepen its technological capabilities.
Fireblocks currently supports 2,400 enterprises and has processed over $10 trillion in transaction volume, offering custody, transfer, settlement, and stablecoin infrastructure. The acquisition follows Fireblocks’ recent purchase of enterprise wallet technology, reinforcing its push toward a full-spectrum digital treasury management solution for institutional clients.
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