Fireblocks, a blockchain infrastructure company specializing in digital asset custody and transaction services, has agreed to acquire TRES Finance, a crypto accounting platform, for approximately $130 million in cash and equity. This acquisition enables Fireblocks to expand beyond custody and transaction services by offering integrated accounting, reconciliation, and audit-ready financial records for on-chain activity. TRES Finance tools convert blockchain transactions into structured financial records compatible with enterprise systems, addressing the challenges institutions face in meeting accounting, tax, and audit requirements for digital assets. Industry experts note that while vertical integration can streamline operations and improve regulatory trust during early digital asset adoption, combining custody, execution, and accounting functions increases the need for strong governance and oversight. Accounting standards and tax treatments for digital assets remain inconsistent across jurisdictions, potentially complicating further standardization. The move comes as stablecoin settlement volumes have surged, with adjusted annual transaction volumes reaching $9 trillion—surpassing PayPal and accounting for more than half of Visa’s volume. Moody's projects increased use of regulated stablecoins in financial settlements but warns that broader adoption will demand enhanced regulatory and operational standards.