Fireblocks expands into crypto financial reporting with $130 million TRES acquisition

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Fireblocks expands into crypto financial reporting with $130 million TRES acquisition TRES helps companies generate compliant financial records from blockchain activity, enabling them to meet audit standards and regulatory requirements. By Francisco Rodrigues , AI Boost | Edited by Sheldon Reback Jan 7, 2026, 4:19 p.m. Make us preferred on Google Left to right: Fireblocks co-founders Pavel Berengoltz, Michael Shaulov and Idan Ofrat. (Fireblocks, modified by CoinDesk) What to know : Fireblocks said it bought TRES Finance, a crypto accounting and financial reporting platform, to bridge blockchain and traditional finance systems. The purchase cost $130 million, according to Fortune, which cited people familiar with the negotiations. TRES, which will operate as a standalone product, helps companies generate compliant financial records from blockchain activity, enabling them to meet audit standards and regulatory requirements. Digital asset infrastructure firm Fireblocks said it bought TRES Finance, a crypto accounting and financial reporting platform for an undisclosed amount, in a bid to close the gap between blockchain-based operations and traditional finance systems. TRES will continue to operate as a standalone product, with Fireblocks supporting its growth and integrating it more deeply into institutional workflows. The acquisition was valued at $130 million, according to people familiar with the negotiations cited by Fortune . STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . As the cryptocurrency market matures, companies are moving from what has largely been a grey area into a regulated space. Compliance is therefore now a necessity as adoption rises and global regulations like MiCA start taking effect and the ability to bridge on-chain data with traditional audit standards is growing. TRES is designed to help crypto-native companies and traditional institutions generate structured, compliant financial records from blockchain activity, a task that typically requires custom infrastructure and manual reconciliation. Companies expanding into new markets or preparing for public offerings face pressure to produce audit-ready records. TRES enables this by turning fragmented blockchain data into reports that align with existing enterprise systems. Over 230 companies, including firms like Finoa, Alchemy and Wintermute, already use TRES to manage tax compliance, reconciliation and financial control, according to a Fireblocks press release. The acquisition follows Fireblocks’ October acquisition of Dynamic , a developer platform used by companies including Kraken, Magic Eden and Ondo Finance. Fireblocks Infrastructure acquisition mergers and acquisitions AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market By CoinDesk Research Dec 22, 2025 Commissioned by KuCoin KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market. What to know : KuCoin recorded over $1.25 trillion in total trading volume in 2025 , equivalent to an average of roughly $114 billion per month , marking its strongest year on record. This performance translated into an all-time high share of centralised exchange volume , as KuCoin’s activity expanded faster than aggregate CEX volumes , which slowed during periods of lower market volatility. Spot and derivatives volumes were evenly split , each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line. Altcoins accounted for the majority of trading activity , reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover. Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity , indicating structurally higher user engagement rather than short-lived volume spikes. 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