Fireblocks Partners with TRES Finance to Enhance Web3 Financial Reporting

In
response
to
the
increasing
regulatory
and
reporting
demands
in
the
Web3
space,
Fireblocks
has
announced
a
strategic
partnership
with
TRES
Finance.
This
collaboration
aims
to
provide
comprehensive
automation
for
Web3
accounting,
taxes,
and
auditing,
according
to

fireblocks.com.

Automated
Web3
Financial
Solutions

The
partnership
leverages
TRES
Finance’s
proprietary
Financial
Data
Lake
(FDL),
which
consolidates
and
contextualizes
financial
data
from
thousands
of
Web3
endpoints.
This
enriched
data
is
integrated
into
TRES
Finance’s
FinOS
platform,
enabling
businesses
to
generate
audit-ready
reports
with
ease.

With
the
growing
complexity
of
Web3
financial
operations,
the
automation
provided
by
TRES
Finance
simplifies
the
data-gathering
process.
This
allows
businesses
to
produce
actionable
insights
and
reports
at
the
click
of
a
button,
significantly
reducing
the
administrative
burden
associated
with
compliance
and
reporting.

Generating
Reports
via
Fireblocks

Fireblocks
users
can
now
directly
generate
audit-ready
reports
from
TRES
Finance
through
the
Fireblocks
console.
To
access
this
feature,
users
can
navigate
to
the
“Transaction
History”
section
on
the
control
panel.
By
clicking
the
“Generate
Report”
button
located
at
the
top-right
corner,
users
will
be
presented
with
a
TRES
Finance
pop-up
offering
the
first
generated
report
for
free.

Upon
clicking
the
button,
users
are
directed
to
a
TRES
request
form.
Once
completed,
this
form
sends
a
report
request
directly
to
the
TRES
team,
who
will
then
generate
the
audit-ready
report.
Additionally,
the
TRES
FDL
can
be
accessed
via
API
for
more
customized
reporting
needs.

This
partnership
underscores
the
growing
need
for
robust
financial
management
tools
in
the
Web3
ecosystem.
By
automating
critical
accounting
and
auditing
functions,
Fireblocks
and
TRES
Finance
are
empowering
businesses
to
stay
ahead
of
regulatory
requirements
while
streamlining
their
financial
operations.

As
the
Web3
landscape
continues
to
evolve,
collaborations
like
this
one
between
Fireblocks
and
TRES
Finance
are
crucial
for
providing
the
infrastructure
necessary
to
support
the
next
generation
of
financial
technologies.

Image
source:
Shutterstock