Fireblocks Expands Its Digital Asset Infrastructure with TRES Finance Acquisition
In a significant move that is set to transform the landscape of digital asset management, Fireblocks, a leading digital asset infrastructure provider, has announced its acquisition of TRES Finance. This strategic partnership aims to establish the first all-encompassing operating system designed for digital assets, promising enhanced security and operational efficiency for institutions worldwide.
Fireblocks has been a pivotal platform, facilitating the secure transfer of over $4 trillion in digital asset transactions each year. The addition of TRES Finance, known for its enterprise-level financial data and reporting solutions, marks a critical step towards integrating comprehensive financial-grade accounting, auditability, and reporting capabilities directly into blockchain transactions. This synergy will empower institutions to manage the entire lifecycle of digital asset operations, from transaction execution to compliant financial reporting.
As regulatory frameworks become more defined globally, the importance of robust financial reporting systems and operational adaptability has reached a new threshold. Institutions, ranging from traditional banks to emerging crypto platforms, are now compelled to adhere to stringent regulatory standards that entail precise reconciliation, audit-ready reporting, and comprehensive tax compliance across various providers, protocols, and asset types. Digital asset activities must seamlessly synchronize with established Enterprise Resource Planning (ERP) systems, general ledgers, and reporting processes.
Fireblocks provides a foundational infrastructure where institutions can securely build and scale their digital asset businesses. The integration of TRES Finance brings essential financial intelligence to this equation, translating dynamic digital asset activities into clear, contextual, and audit-compliant records that meet the rigorous standards expected by enterprises. This powerful combination lays the groundwork for a future where on-chain finance is seamlessly intertwined with operational efficiencies, aligning middle-office and back-office functions within a single, coherent workflow.
Michael Shaulov, co-founder and CEO of Fireblocks, emphasizes the necessity for accurate accounting and transparency in a rapidly evolving financial landscape: “With digital assets now integrated into regular financial activities, both crypto-centric firms and conventional financial players need clear, precise accounting and validation processes. Our clients require functionality that complements their existing ERP and ledger systems while ensuring higher standards for tax reporting and compliance.”
The acquisition of TRES Finance promises to deliver a complete digital asset finance foundation, wherein financial records will provide context from the very inception of each transaction. This consolidated approach not only enhances reconciliation measures but also streamlines audit preparations, tax reporting, and regulatory compliance as the utilization of digital assets continues to grow.
Tal Zackon, co-founder and CEO of TRES Finance, shares insights on the significance of this merger: “The TRES team has forged a robust financial record-keeping system to support on-chain activities, delivering pristine, audit-ready data for institutions operating on a large scale. Joining forces with Fireblocks enables us to broaden our capabilities on a global scale and contribute to the development of a comprehensive financial stack that institutions will depend on as the global economy increasingly adopts blockchain technology.” TRES currently supports over 200 organizations, including notable names such as Alchemy, Bank Frick, Dune, Finoa, M2, and Wintermute. The partnership with Fireblocks fortifies their position in the market, enabling a more comprehensive and supportive infrastructure for enterprises venturing into the world of digital assets.
Fireblocks remains at the forefront of securing digital asset transactions, having safeguarded over $10 trillion and catering to both crypto-native companies and traditional financial institutions transitioning to on-chain operations. This collaboration with TRES Finance not only enhances their product offering but also bridges the gap between the rising demand for digital asset management and the essential financial intelligence required for institutional confidence in this evolving landscape.
In summary, the acquisition of TRES Finance by Fireblocks is a formidable step towards establishing a unified digital asset operational environment. As blockchain technology becomes increasingly integral to financial operations globally, this merger represents a crucial leap forward in ensuring that institutions can navigate this new terrain with confidence and clarity. To learn more about this groundbreaking acquisition and what it means for the future of digital asset management, visit Fireblocks’ official blog.
Fireblocks has been a pivotal platform, facilitating the secure transfer of over $4 trillion in digital asset transactions each year. The addition of TRES Finance, known for its enterprise-level financial data and reporting solutions, marks a critical step towards integrating comprehensive financial-grade accounting, auditability, and reporting capabilities directly into blockchain transactions. This synergy will empower institutions to manage the entire lifecycle of digital asset operations, from transaction execution to compliant financial reporting.
As regulatory frameworks become more defined globally, the importance of robust financial reporting systems and operational adaptability has reached a new threshold. Institutions, ranging from traditional banks to emerging crypto platforms, are now compelled to adhere to stringent regulatory standards that entail precise reconciliation, audit-ready reporting, and comprehensive tax compliance across various providers, protocols, and asset types. Digital asset activities must seamlessly synchronize with established Enterprise Resource Planning (ERP) systems, general ledgers, and reporting processes.
Fireblocks provides a foundational infrastructure where institutions can securely build and scale their digital asset businesses. The integration of TRES Finance brings essential financial intelligence to this equation, translating dynamic digital asset activities into clear, contextual, and audit-compliant records that meet the rigorous standards expected by enterprises. This powerful combination lays the groundwork for a future where on-chain finance is seamlessly intertwined with operational efficiencies, aligning middle-office and back-office functions within a single, coherent workflow.
Michael Shaulov, co-founder and CEO of Fireblocks, emphasizes the necessity for accurate accounting and transparency in a rapidly evolving financial landscape: “With digital assets now integrated into regular financial activities, both crypto-centric firms and conventional financial players need clear, precise accounting and validation processes. Our clients require functionality that complements their existing ERP and ledger systems while ensuring higher standards for tax reporting and compliance.”
The acquisition of TRES Finance promises to deliver a complete digital asset finance foundation, wherein financial records will provide context from the very inception of each transaction. This consolidated approach not only enhances reconciliation measures but also streamlines audit preparations, tax reporting, and regulatory compliance as the utilization of digital assets continues to grow.
Tal Zackon, co-founder and CEO of TRES Finance, shares insights on the significance of this merger: “The TRES team has forged a robust financial record-keeping system to support on-chain activities, delivering pristine, audit-ready data for institutions operating on a large scale. Joining forces with Fireblocks enables us to broaden our capabilities on a global scale and contribute to the development of a comprehensive financial stack that institutions will depend on as the global economy increasingly adopts blockchain technology.” TRES currently supports over 200 organizations, including notable names such as Alchemy, Bank Frick, Dune, Finoa, M2, and Wintermute. The partnership with Fireblocks fortifies their position in the market, enabling a more comprehensive and supportive infrastructure for enterprises venturing into the world of digital assets.
Fireblocks remains at the forefront of securing digital asset transactions, having safeguarded over $10 trillion and catering to both crypto-native companies and traditional financial institutions transitioning to on-chain operations. This collaboration with TRES Finance not only enhances their product offering but also bridges the gap between the rising demand for digital asset management and the essential financial intelligence required for institutional confidence in this evolving landscape.
In summary, the acquisition of TRES Finance by Fireblocks is a formidable step towards establishing a unified digital asset operational environment. As blockchain technology becomes increasingly integral to financial operations globally, this merger represents a crucial leap forward in ensuring that institutions can navigate this new terrain with confidence and clarity. To learn more about this groundbreaking acquisition and what it means for the future of digital asset management, visit Fireblocks’ official blog.
Topics Financial Services & Investing）
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