Blockchain infrastructure provider Fireblocks announces an acquisition agreement to acquire crypto accounting platform TRES Finance for $130 million. The deal will be completed through a combination of cash and equity. This move further integrates data services and infrastructure capabilities within the blockchain ecosystem. TRES Finance's expertise in crypto asset financial management and compliant tax reporting will create synergies with Fireblocks' security infrastructure. This also reflects the current trend in the crypto industry of consolidating high-quality resources through mergers and acquisitions to strengthen the ecosystem closed-loop.
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ContractTearjerker
· 16h ago
1.3 billion invested, and the flavor of ecosystem integration is getting stronger and stronger. Fireblocks' move this time is quite impressive.
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VitaliksTwin
· 01-07 17:55
Fireblocks is back to buying and acquiring, this time targeting accounting tools... To be honest, tax compliance is indeed a pain point, and there are too many people in the ecosystem who are frustrated by tax issues.
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PerpetualLonger
· 01-07 17:34
Large-scale mergers and acquisitions = industry bottom signal. I have also found a bottom-fishing opportunity. Fully invested in BLOCK this time, I must follow along. This is the last time, everyone.
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Degen4Breakfast
· 01-07 17:34
Compliance with tax reporting? Haha, now I'm really getting out of the woods, can't shake off the accountant anymore.
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NightAirdropper
· 01-07 17:31
Another round of big fish eating small fish. Fireblocks' acquisition is indeed aggressive, directly integrating financial reporting and tax into the ecosystem, making the ecosystem closed-loop and more tightly integrated.
Blockchain infrastructure provider Fireblocks announces an acquisition agreement to acquire crypto accounting platform TRES Finance for $130 million. The deal will be completed through a combination of cash and equity. This move further integrates data services and infrastructure capabilities within the blockchain ecosystem. TRES Finance's expertise in crypto asset financial management and compliant tax reporting will create synergies with Fireblocks' security infrastructure. This also reflects the current trend in the crypto industry of consolidating high-quality resources through mergers and acquisitions to strengthen the ecosystem closed-loop.