TRES Finance

What Is TRES Finance?

TRES Finance is an enterprise-grade crypto accounting and Web3 treasury management platform founded in 2022 by Tal Zackon and Eilon Lotem in Tel Aviv, Israel. The company builds the financial infrastructure layer that allows organizations holding digital assets — from crypto-native protocols and DAOs to regulated financial institutions — to generate audit-ready books, comply with evolving accounting standards, and manage treasury operations across blockchains.

In January 2026, Fireblocks acquired TRES Finance for $130 million in cash and equity, integrating it as the financial reporting and compliance layer of one of the world's largest institutional digital asset infrastructure providers. TRES continues to operate as a standalone product under Fireblocks ownership, extending an existing integration relationship into a full acquisition.

Core Products

TRES FinOS is the flagship accounting platform. It functions as a financial data lake: it ingests raw on-chain data from 220+ blockchain networks, exchanges, custodians, and banking connections, then normalizes that data into a unified model suitable for automated bookkeeping. FinOS handles transaction tagging, cost-basis calculation under both FIFO and LIFO methods, multi-source reconciliation across wallets and exchanges, and generation of financial statements compliant with GAAP and IFRS requirements. It integrates natively with major ERPs including NetSuite, Xero, QuickBooks, and a universal connector for regional accounting systems. The platform is SOC 1 and SOC 2 compliant, and supports regulatory frameworks including FASB ASU 2023-08 (which mandates fair-value accounting for crypto assets), MiCA, and the OECD CARF/DAC8 crypto asset reporting standards that came into effect in January 2026.

TRES Query is a data API product allowing customers to embed daily staking reward data and proof-of-funds capabilities directly into their own products and reporting pipelines.

Vera is an agentic AI accounting assistant launched in mid-2026. Unlike static automation, Vera builds "team memory" — it learns a finance team's specific workflows and supports custom skills so teams can encode their own processes into the assistant over time.

Additional tooling includes an Alerts Centre for real-time monitoring, Scheduled Jobs for automating recurring finance tasks, Asset Allowances for on-chain risk visibility, and ERC-4626 vault share token valuation for accounting.

How It Works

TRES pulls data directly from blockchains rather than relying on third-party data providers, which eliminates the reconciliation errors and downtime dependencies that arise when accounting tools sit downstream of unreliable APIs. The unified data model normalizes every protocol and chain into a consistent schema, so a Solana staking reward, an Ethereum DeFi position, and a centralized exchange trade all flow into the same ledger structure.

For staking specifically, the platform captures both claimed rewards (actual on-chain claims) and accrued rewards at period-end — a distinction that matters for FASB fair-value accounting, which requires marking staking positions to market at each reporting date. The complete audit trail runs unbroken from blockchain event to financial record, satisfying the evidentiary standards that auditors and regulators require.

Solana Integration

Solana is a first-class supported network on TRES with all four feature tiers available: balance tracking, transaction monitoring, DeFi position tracking across Solana protocols, and staking position monitoring covering both validator-level and delegator-level activity.

The platform's staking data capabilities are particularly relevant for Solana organizations. TRES tracks staking rewards at the granularity needed for FASB-compliant accounting — period-end accrual, not just cash-basis claimed amounts. For validator operators, TRES handles the accounting complexity of running Solana validator infrastructure: tracking block rewards, commission income, and stake pool positions.

DeFi Development Corp, one of the largest institutional holders of SOL and a major Solana validator operator, is a named TRES customer, providing a concrete example of the platform's validator-infrastructure use case within the Solana ecosystem. Phantom, the leading Solana wallet, is also a named customer.

Scale and Traction

At the time of the Fireblocks acquisition in January 2026, TRES reported over 100 customers with $20 billion or more in assets on the platform, processing $14 billion monthly across more than 100 million transactions. Named customers include Phantom, Alchemy, Wintermute, Nansen, CoinFund, Dune, Finoa, Bank Frick, and M2, covering the range from crypto-native trading desks and protocols to regulated custodians and financial institutions.

Team and Funding

TRES was co-founded by CEO Tal Zackon, previously a principal at Israeli venture firm F2 Venture Capital, and CTO Eilon Lotem. The company grew to approximately 58 employees across offices in Tel Aviv, Europe, and the United States.

The company raised $7.6 million in a September 2022 seed round led by Boldstart Ventures and F2 Venture Capital, with BlockTower Capital participating. In December 2023, TRES closed an $11 million Series A led by Faction Ventures, with New Form, Boldstart, Cyber Fund, Ambush Capital, 3cubed Ventures, Alchemy Cloud, and Blockdaemon also participating. The acquisition by Fireblocks in January 2026 for $130 million represented a significant outcome for a company that had raised $18.6 million in total.

Solana Ecosystem Fit

TRES occupies the institutional financial infrastructure layer that Solana has needed as the ecosystem has matured from DeFi-native applications toward institutional adoption. Foundations, protocols, validators, and regulated firms holding SOL treasury positions all face the same accounting challenge: Solana generates high transaction volumes, complex staking and DeFi interactions, and frequent reward events that are difficult to account for accurately using general-purpose tools.

TRES addresses that complexity directly — Solana's speed and throughput are assets on TRES rather than liabilities, because the platform's direct blockchain ingestion model can handle the transaction density. The Fireblocks acquisition extends the platform's reach further: Fireblocks already serves institutional holders of SOL through its custody product, and TRES now adds the accounting and compliance layer to that relationship. For Solana validators, liquid staking protocols, and institutional treasury operations, TRES represents the end-to-end pipeline from custody through compliant financial reporting.