As regulations progress globally and digital assets become a permanent fixture in institutional portfolios, high-quality financial reporting and operational agility are becoming essential prerequisites for participating in the market.
Every player in the digital asset ecosystem, from traditional banks to native crypto platforms, must now meet the regulatory requirements in force in different jurisdictions, particularly in terms of accounting reconciliation, audit-ready reporting, and tax compliance, regardless of the service provider, protocol, or type of asset. Activities related to digital assets must also be integrated into existing financial management, accounting, and reporting tools.
Fireblocks provides the secure infrastructure on which institutions can build, develop, and manage their digital asset activities. TRES Finance, meanwhile, provides the financial intelligence needed to transform these operations into accurate, contextualized, and audit-ready data that meets the latest standards. Together, Fireblocks and TRES Finance enable institutions to easily manage their digital assets from end to end: executing transactions, tracking them, and then properly integrating them into their accounting and regulatory obligations. In other words, they connect what happens on the blockchain with companies' financial management and internal controls, so that they can use digital assets reliably, securely, and at scale.
"Digital assets are now an integral part of everyday financial operations. Both crypto-native companies and traditional institutions need clear accounting and reliable traceability. Crypto companies must meet increased tax and transparency requirements, while banks and fintechs need reconciliation and control mechanisms that are compatible with their existing ERP and accounting systems. By integrating TRES into the Fireblocks ecosystem, our customers can now manage both their operations and back-office finance on a single, secure, compliant, and scalable infrastructure," said Michael Shaulov, co-founder and CEO of Fireblocks.
Fireblocks was founded in 2018 following a major cyberattack on South Korean crypto platforms, which its founders encountered while working at Check Point (one of the world leaders in cybersecurity). They noticed that cybercriminals were increasingly targeting digital assets, yet there were no solutions that truly met the needs of institutions. Drawing on their expertise in cybersecurity, Michael Shaulov, Idan Ofrat, and Pavel Berengoltz decided to create Fireblocks to secure digital assets and enable financial players to use blockchain with confidence. Fireblocks secures 550 million crypto wallets, and its platform has already facilitated the transfer of more than $10 trillion in digital assets worldwide.
