Fireblocks, a prominent digital asset infrastructure provider, has announced that it acquired TRES Finance, an Israeli-based crypto accounting and financial reporting platform, in a deal valued at about $130 million in cash and equity.
The acquisition is the second in three months for Fireblocks, with the first purchase happening in October 2025 when it bought the crypto wallet startup Dynamic for around $90 million.
“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,” Michael Shaulov, cofounder and CEO of Fireblocks, said.
Why did Fireblocks buy TRES?
Fireblocks has software that can help businesses hold and move digital assets. However, it does not have a data product that can help monitor and analyze their crypto holdings in detail, which is where TRES Finance comes in.
With the acquisition, Fireblocks is expected to enter a new phase of growth, maturing as the crypto industry continues to grow and compliance responsibilities get more serious.
The purchase of TRES Finance by Fireblocks is the latest in a flurry of M&A activity in crypto. Last year saw the number of crypto M&A transactions almost double from the prior year, an increase that has been attributed to a wave of optimism for digital assets in the U.S. under the new POTUS.
Tal Zackon, cofounder and CEO of TRES Finance said joining Fireblocks will allow the platform to extend the rail the TRES team has already built globally. According to him, this will help create an end-to-end financial stack that institutions will come to rely on as the world moves onchain.
Fireblocks joined forces with Zepz
Fireblocks has been busy in recent months with not only buyouts, but partnerships as well. Last December, it joined forces with Zepz, a global payments group behind WorldRemit and Sendwave, which plans to leverage Fireblocks’ facilities to get stablecoin-powered remittances to consumers at scale.
Mark Lenhard, CEO of WorldRemit called remittances lifelines and claimed that joining forces with Fireblocks will help improve the speed, cost and transparency for families who depend on them daily.
Shaulov echoed his sentiments, calling global remittance one of the most powerful, real-world use cases for digital assets.
“With Fireblocks, Zepz is proving how blockchain infrastructure can power the next generation of global consumer finance,” he said.
The global remittance market has been growing by leaps and bounds. However, traditional channels are struggling to catch up, making things costly for the millions of migrants who rely on them, and taking several days to settle while incurring high foreign exchange and correspondent banking fees.
The collaboration aligns with Fireblocks’ vision of providing infrastructure for secure, programmable digital money and will support a range of services, including consumer-oriented digital experiences.
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