Fireblocks and Tres Form Alliance to Streamline Crypto Audits

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As a researcher with extensive experience in the cryptocurrency and blockchain industry, I am particularly excited about this new collaboration between Fireblocks and TRES. The integration of their platforms promises to revolutionize the way institutions manage digital assets, making financial operations more efficient and effective.

Fireblocks, a well-known cryptocurrency custodian, has joined forces with Tres, a Web3 accounting innovator. The collaboration aims to simplify the process of auditing, accounting, and tax reporting for digital assets. By seamlessly merging these functions into the standard financial systems utilized by businesses globally.

Digital asset institutions frequently encounter difficulty in dealing with dispersed financial information, which complicates the process of creating precise and timely financial statements and undergoing rigorous audits. TRES offers a solution through its advanced Financial Data Lake, specifically engineered to boost the precision and productivity of financial reporting.

Integration and Implementation

Fireblocks users can now effortlessly retrieve TRES reports within the Fireblocks system, marking a pioneering partnership between Fireblocks and TRES to streamline financial management for customers.

Tal Zackon, the CEO of TRES, demonstrated his eagerness about the collaboration, stating, “We’re thrilled to join forces with Fireblocks. Being a pioneer in their industry, we’re now providing their clientele access to our robust Web3 financial reporting, accounting, and audit functions.”

Idan Ofrat, Fireblocks’ Chief Product Officer, expressed his thoughts on the partnership, mentioning, “Given that our clients have diverse reporting and accounting needs with transactions involving all assets supported by Fireblocks, working together with TRES was an obvious choice. They cater to the entirety of our clientele base and possess a dedicated and swiftly responsive team.”

As a crypto investor, I’m excited about this strategic partnership that will bring traditional finance and the decentralized market closer together. It’s a game-changer that will broaden the acceptance of digital assets, all while maintaining compliance and providing efficient financial management solutions.

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2024-06-20 19:00