Fireblock will offer Tres' accounting products to its clients as blockchain data enters the corporate world. (Danny Nelson/CoinDesk)

Crypto Custody Firm Fireblocks Adds ‘One-Click’ Audits, Tax Reporting

Summary

Cryptocurrency custody firm Fireblocks is partnering with startup Tres to provide clients with the ability to generate audit-ready reports for digital assets with one click. These reports can be integrated with accounting software such as QuickBooks, Xero, and NetSuite. The move comes in anticipation of growing interest in the tokenization of real-world assets, a trend gaining traction among financial institutions. As more organizations add bitcoin to their balance sheets, there is an increasing need for non-crypto-native analysts, risk teams, and CFOs to interact with on-chain data. The partnership aims to make this process as familiar as possible, fitting seamlessly into existing enterprise resource planning systems.