Leading company in blockchain custody and asset transfer, Fireblocks, has been making frequent moves. This time, they set their sights on TRES Finance, a provider of crypto accounting solutions. The two companies have reached an acquisition agreement, with a deal size of approximately $130 million, advancing through a combination of cash and stock.

The logic behind this acquisition is quite clear—Fireblocks aims to break down its boundaries in custody and transfer processes. By incorporating TRES Finance's data analysis and financial management tools, they can offer a more comprehensive solution to clients. What does such integration mean for institutions with assets scattered across multiple exchanges, lending platforms, and on-chain wallets? Fewer steps, reduced risks, and increased efficiency.

The management process of crypto assets has always been fragmented, from transfers to bookkeeping to financial reporting, each step requiring different tools. Now, with Fireblocks filling in the piece of financial management, perhaps they can close this ecological chain more tightly.