Share this article
Crypto Accounting and Tax Reporting Platform TRES Raises $11M to Add New Blockchains
TRES currently services clients with combined assets worth $19 billion, helping them manage, monitor and reconcile their digital asset activity across more than 100 layer-1 and layer 2-blockchain networks.
Updated Apr 9, 2024, 11:06 p.m. Published Dec 20, 2023, 2:00 p.m.
TRES, a cryptocurrency accounting and taxation reporting platform, has raised $11 million to expand its service to all corners of the blockchain industry.
The Tel Aviv-based company currently supports over 100 layer-1 and layer-2 networks including Bitcoin, Ethereum, Solana and Avalanche, and aims to add support for "new blockchains every week," according to an emailed announcement on Wednesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
TRES currently services clients with combined assets worth $19 billion, helping them manage, monitor and reconcile their digital asset activity.
As the crypto industry sees more institutional adoption, there will be a greater need for accounting and taxation reporting tools similar to the ones companies can access in the traditional financial world. TRES is looking to provide such firms with a "comprehensive way to get the full & accurate picture across all of their Web3 financial activity," co-founder and CEO Tal Zackon said in the statement.
"This makes it easy for all customers to stay compliant across their accounting, audit and reporting functions.”
The Series A round brings TRES' total funds raised to $18.6 million, with Faction, New Form, Cyber Fund and Ambush Capital among its backers.
Read More: Crypto Tax Platform Blockpit Buys Rival Accointing From Glassnode
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto Firm Tether Says It Wants to Take Over Italian Football Club Juventus
The issuer behind the most popular stablecoin said that if the bid succeeds, it prepares to invest $1 billion in the football club.
What to know:
- Tether said it aims to take over popular Italian football club Juventus FC.
- The firm proposed to acquire Exor's 65.4% stake in an all-cash offer, and intends to make a public offer for the rest of the shares.
- Tether reported net profits exceeding $10 billion this year, while its flagship token USDT is the world's dominant stablecoin with a $186 billion market capitalization.
Top Stories
