Blockchain infrastructure provider Fireblocks announced the completion of an acquisition agreement to acquire crypto accounting platform TRES Finance for $130 million. The transaction was completed through a combination of cash and equity. This move further integrates data services and infrastructure capabilities within the blockchain ecosystem. TRES Finance's expertise in crypto asset financial management and compliance tax reporting will create synergies with Fireblocks' secure infrastructure. This also reflects the current development trend in the crypto industry of consolidating quality resources through M&A and strengthening ecosystem closure.
Blockchain infrastructure provider Fireblocks announced the completion of an acquisition agreement to acquire crypto accounting platform TRES Finance for $130 million. The transaction was completed through a combination of cash and equity. This move further integrates data services and infrastructure capabilities within the blockchain ecosystem. TRES Finance's expertise in crypto asset financial management and compliance tax reporting will create synergies with Fireblocks' secure infrastructure. This also reflects the current development trend in the crypto industry of consolidating quality resources through M&A and strengthening ecosystem closure.