Fireblocks, a leading blockchain infrastructure company, is acquiring TRES Finance, a crypto accounting platform, in a deal valued at $130 million. The acquisition, confirmed by company executives to Fortune, combines cash and equity to finalize the purchase.

According to a source familiar with the negotiations, who requested anonymity due to the sensitive nature of the discussions, the $130 million valuation reflects Fireblocks' continued expansion within the digital asset space. The acquisition of TRES Finance strengthens Fireblocks' offerings by integrating robust accounting capabilities directly into its platform.

Fireblocks provides a secure platform for moving, storing, and issuing digital assets. TRES Finance specializes in providing accounting and reporting solutions tailored for cryptocurrency businesses, including tax compliance and financial statement generation. This acquisition allows Fireblocks to offer a more complete suite of services to its clients, streamlining their operations and enhancing financial transparency.

The terms of the deal are not fully disclosed beyond the $130 million valuation. Further details regarding integration plans and the impact on TRES Finance's existing clients are expected to be released in the coming weeks. This move underscores the growing demand for sophisticated financial tools within the rapidly evolving cryptocurrency industry and highlights Fireblocks' ambition to be a central provider of infrastructure for the digital asset economy.