Fireblocks acquisition drives crypto infrastructure roll-up
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With institutional interest rising, the latest fireblocks acquisition of TRES Finance signals how crypto market infrastructure is rapidly consolidating around data and compliance tools. Fireblocks buys TRES Finance in $130 million cash-and-equity deal The blockchain infrastructure company Fireblocks has agreed to acquire the crypto accounting platform TRES Finance in a transaction valued at $130 million in cash and equity. According to a source familiar with the negotiations, who requested anonymity because the talks were private, the deal combines technology, customers, and staff under the Fireblocks umbrella. The purchase is Fireblocks’ second deal in three months, underscoring its push to expand beyond pure custody and transfer services for digital assets. In October, the company, last valued at $8 billion in a 2022 fundraise, bought the crypto wallet startup Dynamic for around $90 million. Together, the transactions show a deliberate roll-up strategy in key infrastructure segments. Why Fireblocks is moving deeper into crypto finance tooling Fireblocks’ core business is providing secure rails for companies to hold and move digital assets, serving exchanges, fintechs, and financial institutions. However, founder and CEO Michael Shaulov said many of those clients now face a different challenge: meeting the expectations of regulators, auditors, and public-market investors as they scale. “You have a slew of [crypto] companies that either are looking to go public or they need to operate in a way that is within the fintech or traditional financial standards,” Shaulov told Fortune. Moreover, he noted that this shift is pushing firms to adopt more sophisticated systems for financial reporting and internal controls. For larger organizations, digital asset holdings are often scattered across multiple exchanges, custodians, and on-chain wallets. That said, tracking real-time balances and flows becomes increasingly complex when assets sit on dozens of platforms and blockchains. This is the operational problem Fireblocks is now seeking…
Filed under: News - @ January 7, 2026 7:22 pm