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Fireblocks and TRES Finance team up to innovate Web3 accounting.

1 min read
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TLDR:

  • Fireblocks partners with TRES Finance to automate Web3 accounting, taxes, and auditing.
  • TRES Finance’s proprietary Financial Data Lake technology streamlines financial operations and generates audit-ready reports for Fireblocks users.

In a bid to address increasingly strict regulations and reporting requirements, Fireblocks has teamed up with TRES Finance to introduce comprehensive automation for Web3 accounting, taxes, and auditing. This collaboration aims to empower Fireblocks customers by simplifying their Web3 financial operations and ensuring compliance with accounting and audit requirements. TRES Finance leverages its proprietary Financial Data Lake (FDL) technology, which manages numerous Web3 financial endpoints, to offer reporting functionality that consolidates, enriches, and contextualizes financial data, making it easily accessible across their FinOS platform.

Fireblocks users can now seamlessly generate audit-ready reports through TRES Finance via the Fireblocks console. Additionally, the TRES FDL is accessible through an API, providing businesses with further integration options to streamline their financial operations. Fireblocks is renowned for its enterprise-grade platform that provides secure infrastructure for moving, storing, and issuing digital assets. Their patent-pending SGX & MPC technology has facilitated the secure transfer of over $4 trillion in digital assets, supported by a unique insurance policy.

Moreover, Fireblocks has been expanding its blockchain support, with over 60 supported blockchains, including its recent announcement of support for the Cosmos ecosystem. Cosmos, known as the “Internet of Blockchains,” is the second-largest blockchain ecosystem after Ethereum, comprising interconnected blockchains addressing challenges such as scalability, usability, and interoperability facilitated through the IBC Protocol.

The partnership between Fireblocks and TRES Finance represents a significant advancement in automating Web3 financial operations. By leveraging TRES Finance’s Financial Data Lake, businesses can access enriched and contextualized financial data, facilitating the generation of audit-ready reports with ease. This collaboration underscores the ongoing efforts to simplify and secure financial operations in the evolving landscape of digital assets and blockchain technology.

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