Fireblocks buys Israeli startup TRES Finance for $130m

Israeli cryptocurrency safety firm Fireblocks in the present day introduced that it’s buying Israeli crypto accounting startup TRES Finance, which has developed a platform for managing, controlling and financially reporting digital belongings. No monetary particulars in regards to the deal had been disclosed however market sources imagine that Fireblocks is paying about $130 million. That is Fireblocks second acquisition in lower than three months, after buying Israeli crypto pockets Dynamic in October for $90 million.

The corporate mentioned that the acquisition will increase Fireblocks’ monetary administration capabilities, including to the infrastructure layer that it supplies capabilities for accounting, reconciliation, tax reporting and compliance with world regulatory necessities. Fireblocks added that upon completion of the transfer, organizations working within the blockchain discipline will be capable of handle the lifecycle of digital belongings from the operational execution of transactions to full and audited monetary reporting.

TRES has raised $18.6 million thus far in a $7.6 million seed spherical in 2022, and an $11 million Sequence A financing spherical in September 2023.

“Becoming a member of Fireblocks will permit TRES to increase capabilities”

Based in 2018 by CEO Michael Shaulov, Pavel Berengoltz, and Idan Ofrat, Fireblocks supplies a safe infrastructure for managing digital belongings and executing transactions on blockchain networks, securing trillions of {dollars} in transactions yearly for monetary establishments, cryptocurrency firms, and cost platforms.

TRES Finance has developed a platform that interprets advanced blockchain exercise into structured, correct, and audit-ready monetary knowledge, in accordance with the requirements of monetary establishments and tax authorities. The corporate serves greater than 200 organizations, together with world entities reminiscent of Andreessen Horowitz, PwC and Galaxy, and manages monitoring of digital belongings value a whole lot of billions of {dollars}.

TRES Finance was based by CEO Tal Zackon, CTO Eilon Lotem. The corporate has 58 staff, of which 35 are in Israel and the remaining in Europe and the US. The corporate’s whole workforce is becoming a member of Fireblocks.

Shaulov mentioned that copmbined the businesses will permit prospects to handle each operational and monetary actions on a single, safe and regulatory-compliant infrastructure. He added that each cryptocurrency firms and conventional monetary establishments are presently required to have a lot increased ranges of documentation, management and reporting.

Fireblocks buys Israeli crypto pockets co Dynamic

Zackon mentioned that becoming a member of Fireblocks will permit the corporate to increase the capabilities it has developed and construct a monetary infrastructure that can serve monetary establishments and enormous organizations as financial exercise more and more strikes to blockchain-based worlds.

Printed by Globes, Israel enterprise information – en.globes.co.il – on January 7, 2026.