Blockchain infrastructure company Fireblocks has acquired TRES Finance, a crypto accounting and financial reporting platform.
The purchase, announced on the Fireblocks blog Wednesday (Jan. 7), is designed to address the growing demand for companies doing business on the blockchain to have “audit-ready, tax-compliant” financial records.
“Digital asset regulation is quickly falling into place across jurisdictions, making operational agility and financial reporting non-negotiable,” the blog post said. “Whether under MiCA in the EU, the GENIUS Act in the U.S., or elsewhere across the globe, crypto-native and traditional finance need financial records that meet the standards set out in local regulations.”
As companies prepare to go public or integrate crypto into their traditional accounting systems, regulations call for accurate reconciliation, audit-ready reporting, and full tax compliance, the release added, saying that “audit-ready financial data is no longer a nice-to-have.”
The company did not disclose the price of the acquisition, though sources quoted by Fortune put the number at $130 million.
PYMNTS wrote about the shifting attitudes in the crypto sector last week, arguing that in 2026, compliance has become “the cost of doing business” for the industry.
That report came the same day as new findings showing that tax authorities around the globe are closing in on crypto tax evasion by requiring exchanges to begin collecting and reporting detailed trading records for local customers in the U.K. and more than 40 other jurisdictions.
Meanwhile, Colorado has begun offering consumers the right to refunds at crypto ATMs, while New York state has signed into law new digital asset-focused legislation.
“Taken together, the start of the new year shows crypto firms and their regulatory bodies placing compliance at a premium over the industry’s previous Wild West pace of disruption and innovation,” PYMNTS wrote.
“While cryptocurrency’s early narrative was about disintermediation and escape from traditional finance, its emerging reality is about integration and accountability. The laws and enforcement actions shaping 2026 do not mark the end of crypto’s disruptive potential. They mark the end of its regulatory adolescence.”
The industry, that report added, is undergoing a shift from “reactive regulation to structural governance.” Rather than outright bans on activities, regulators are defining rules.
“Instead of treating crypto as an anomaly, they are fitting it into existing legal and financial frameworks, modifying those frameworks where necessary,”
