Blockchain
Fireblocks partners with TRES Finance to improve Web3 financial reporting
In response to growing regulatory and reporting demands in the Web3 space, Fireblocks has announced a strategic partnership with TRES Finance. This collaboration aims to provide complete automation for Web3 accounting, tax 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, allowing companies to easily generate audit-ready reports.
With the growing complexity of Web3 financial operations, the automation provided by TRES Finance simplifies the data collection process. This allows companies to produce actionable insights and reports with the click of a button, significantly reducing the administrative burden associated with compliance and reporting.
Report generation using Fireblock
Fireblocks users can now directly generate audit-ready reports from TRES Finance via the Fireblocks console. To access this feature, users can go to the “Transaction History” section on their dashboard. By clicking the “Generate Report” button located in the top right corner, users will be presented with a TRES Finance pop-up offering the first generated report for free.
By 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 report ready for audit. Additionally, the TRES FDL can be accessed via API for more customized reporting needs.
This partnership highlights the growing need for robust financial management tools in the Web3 ecosystem. By automating critical accounting and audit functions, Fireblocks and TRES Finance enable 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 to providing the infrastructure needed to support the next generation of financial technologies.
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