In response to the growing regulatory and reporting needs in the Web3 space, Fireblocks announced a strategic partnership with TRES Finance. According to Fireblocks.com, the collaboration aims to provide comprehensive automation for Web3 accounting, tax and auditing.
Automated Web3 Financial Solutions
This partnership leverages TRES Finance’s proprietary Financial Data Lake (FDL), which integrates and contextualizes financial data from thousands of Web3 endpoints. This rich data is integrated into TRES Finance’s FinOS platform, allowing companies to easily generate auditable reports.
As the complexity of Web3 financial operations increases, the automation provided by TRES Finance simplifies the data collection process. This allows businesses to generate actionable insights and reports with the click of a button, significantly reducing the administrative burden associated with compliance and reporting.
Generate reports via Fireblock
Fireblocks users can now generate audit-ready reports directly from TRES Finance through the Fireblocks console. To access this feature, users can go to the “Transaction History” section of the Control Panel. Clicking the “Generate Report” button in the top right corner will display a TRES Finance pop-up offering users their first generated report for free.
After clicking the button, the user will be taken to the TRES request form. Once completed, this form will send a reporting request directly to the TRES team, who will then generate an audit-ready report. You can also access TRES FDL via API for more customized reporting requirements.
This partnership highlights the growing need for powerful financial management tools in the Web3 ecosystem. Fireblocks and TRES Finance streamline financial operations while helping businesses stay ahead of regulatory requirements by automating critical accounting and auditing functions.
As the Web3 landscape continues to evolve, collaborations like this between Fireblocks and TRES Finance are critical to providing the infrastructure needed to support the next generation of financial technologies.
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