Fireblocks and TRES Finance to Help Automate Web3 Accounting, Taxes, Auditing

As regulation and reporting requirements become increasingly stringent, it’s more important than ever for organizations to have powerful, streamlined access to Web3 accounting and financial data. That’s why Fireblocks has teamed up with TRES Finance to offer customers the ability to completely automate Web3 accounting, taxes, and auditing.

This will empower Fireblocks customers to stay ahead of their accounting and audit requirements and “to start simplifying Web3 financial operations.”

TRES underpins its reporting functionality “with a proprietary Financial Data Lake (FDL). They manage thousands of Web3 financial end-points, consolidating them, enriching them, and providing contextualized financial data for use across their FinOS platform.”

This allows businesses to export “audit-ready reports with ease.”

With Web3 data, context is of the utmost importance. TRES automates “the entire data-gathering process, enabling the generation of usable, business-ready insights and reports with just one click.”

Fireblocks users can now “generate audit-ready reports from TRES directly on the Fireblocks console.”

The TRES FDL can also be accessed via API. For more details, check here.

As covered, Fireblocks is an enterprise-grade platform that is focused on “delivering a secure infrastructure for moving, storing, and issuing digital assets.”

Fireblocks enables exchanges, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through patent-pending SGX & MPC technology.

They have reportedly secured the transfer of “over $4 trillion in digital assets and have a unique insurance policy that covers assets in storage & in transit.”

As reported this past month, Fireblocks claims that it has consistently led the way in providing the fastest and most diverse range of blockchain support.

With a growing list of over 60 supported blockchains, Fireblocks enables customers to securely custody tokens “on the latest chains and quickly build innovative services for their customers.”

They are now announcing that Fireblocks has expanded “support for the Cosmos ecosystem – delivering custody, DeFi, and staking support across several leading appchains.”

Cosmos is described as “a decentralized network composed of hundreds of interlinked blockchains, all built on open-source Cosmos technology.”

Referred to as the “Internet of Blockchains,” Cosmos is currently the second-largest blockchain ecosystem, after Ethereum.

Cosmos is a growing ecosystem “designed to solve some of the toughest problems in the blockchain space, including scalability, usability, and interoperability.”

Interoperability is enabled “through the IBC Protocol (Inter-Blockchain Communication Protocol), which allows different blockchains in the Cosmos ecosystem to communicate directly with one another.”

Sponsored Links by DQ Promote



Send this to a friend