Fireblocks has acquired crypto accounting platform TRES for $130 million to enhance tax compliance infrastructure, crucial for institutions managing “hundreds of billions monthly” in stablecoin settlements and on-chain treasury flows. The acquisition will provide audit-ready, tax-compliant financial records for Fireblocks clients. TRES CEO reassures customers of continued standalone product operation. Fireblocks offers custody, transfer, settlement services, boasting partnerships with 2,400 enterprises and supporting $10 trillion in transactions. Acquisition of Dynamic in October also strengthened Fireblocks’ offerings.

Read more at Cointelegraph: Fireblocks Acquires Crypto Accounting Platform TRES For $130M