Crypto
Fireblocks acquires on-chain accounting platform TRES
Blockchain infrastructure firm Fireblocks has acquired on-chain accounting platform TRES Finance for $130 million, The Block reported on Wednesday, citing Fortune. The deal is Fireblocks\' fourth acquisition. Founded in 2022, TRES provides accounting and reporting tools focused on on-chain activity and is used by more than 230 institutions including Phantom and Dune. Fireblocks\' CEO cited growing tax and audit requirements and the need for accurate records and compliance under regulations such as the EU\'s MiCA and the U.S. GENIUS bill.
