The blockchain infrastructure company Fireblocks has struck a deal to buy the crypto accounting platform TRES Finance, company executives told Fortune. The purchase came in the form of cash and equity worth $130 million, according to a source familiar with the negotiations, who asked for anonymity to talk about private business dealings.
The purchase is the second in three months for Fireblocks, whose core business focuses on helping companies hold and transfer digital assets. In October, Fireblocks, which was last valued at $8 billion in a 2022 fundraise, bought the crypto wallet startup Dynamic for around $90 million.
