Blockchain infrastructure leader makes a move again in three months, investing $130 million to expand into the crypto accounting sector

【CoinPush】Blockchain infrastructure company Fireblocks is making frequent moves. The latest news is that they have invested $130 million to acquire the cryptocurrency accounting platform TRES Finance, using a hybrid payment method of cash and equity. This is their second acquisition in three months — earlier, they acquired the crypto wallet startup Dynamic for $90 million.

Fireblocks’ main business is helping enterprises securely manage and transfer digital assets. These two acquisitions seem to be expanding along the asset management supply chain upstream and downstream. Fireblocks, which was valued at $8 billion during a 2022 funding round, is building an increasingly complete Web3 enterprise service ecosystem through frequent mergers and acquisitions. From asset transfer to wallet management, and then to financial accounting, the underlying logic of this strategy is clear — to master the entire lifecycle management of enterprise digital assets.