The blockchain infrastructure firm Fireblocks has struck a deal to purchase the crypto accounting platform TRES Finance, firm executives advised Fortune. The acquisition got here within the type of money and fairness price $130 million, in line with a supply acquainted with the negotiations, who requested for anonymity to speak about personal enterprise dealings.
The acquisition is the second in three months for Fireblocks, whose core enterprise focuses on serving to firms maintain and switch digital property. In October, Fireblocks, which was final valued at $8 billion in a 2022 fundraise, purchased the crypto pockets startup Dynamic for round $90 million.
“You could have a slew of [crypto] firms that both want to go public or they should function in a manner that’s throughout the fintech or conventional monetary requirements,” Michael Shaulov, cofounder and CEO of Fireblocks, advised Fortune.
And, particularly for companies of serious measurement, their crypto holdings are probably distributed throughout a variety of platforms and wallets. TRES Finance helps CFOs and accountants at these firms observe and monitor how a lot cryptocurrency they maintain, what number of property are flowing into their coffers, and the way a lot is flowing out.
Whereas Fireblocks has software program to assist companies maintain and transfer digital property, it doesn’t have an information product to assist monitor and analyze their crypto holdings intimately, mentioned Shaulov. “We imagine that we will create a wider treasury administration answer that’s sort of full spectrum,” he added.
Crypto M&A season
Fireblocks’ buy of TRES Finance is the newest in a flurry of M&A exercise in crypto. In 2025, the variety of crypto M&A transactions nearly doubled to 335 from the prior 12 months, in line with knowledge from the digital asset M&A advisory agency Architect Companions. This uptick comes amid a wave of optimism for digital property within the U.S. beneath President Donald Trump, who has pushed for a broad suite of crypto regulation in his second time period.
Based in 2022, TRES Finance counts a slew of well-known crypto companies as prospects, together with the enterprise capital agency CoinFund, the analytics firm Nansen, and the developer behind the crypto pockets Phantom. “We need to do away with the spreadsheets,” mentioned Tal Zackon, the cofounder and CEO of TRES Finance.
The corporate raised $11 million in late 2023. Whereas Zackon declined to say how a lot his firm was final valued, he did say Fireblocks’ buy worth was a premium over its most up-to-date valuation.
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