As the digital asset landscape continues its meteoric rise, TRES stands at the forefront, poised to revolutionize the way organizations perceive and manage their crypto financial operations. Today, we are thrilled to announce our successful Series A funding of $11 million, marking a pivotal moment in our journey towards bringing unparalleled transparency to the world of crypto accounting and taxation.
Alongside our Seed Round last year, we’ve now raised a total of $18.6M from investors, with Faction, boldstart, and New Form leading our Series A round.
A Year of Remarkable Growth
Since our inception in September 2022, TRES has witnessed an extraordinary year of growth. Our platform now supports over 100 customers, collectively managing assets worth an astounding $19 billion.
This achievement underscores the trust and confidence that industry leaders, including Web3 finance teams, asset managers, and exchanges, have placed in us.
Empowering the Crypto Ecosystem
Our commitment to empowering the crypto ecosystem is reflected in our consistent quarter-on-quarter revenue growth of 325%. We are honoured to power the financial bookkeeping for esteemed clients such as 1KX, P2P, Chorus One, Kiln, and Alchemy, to name a few.
The new funding will further accelerate our mission to provide comprehensive solutions that accurately track, monitor, and report all financial activities across every blockchain.
A Unified Solution for Web3 Financial Activity
With TRES, organizations gain now access to a unified platform that seamlessly integrates with popular DeFi applications, including Uniswap, Curve, and Aave, as well as major CeFi exchanges like Coinbase and Binance.
Our integration with open-banking leader Plaid further enhances our clients’ ability to reconcile digital asset transactions across the full financial lifecycle, ensuring compliance with audit, tax, and reporting requirements.
A Unified Solution for Web3 Financial Activity
This year, we were also to announce that TRES secured SOC 1 Type 2 and SOC 2 Type 2 compliance, solidifying our position as a trusted foundation for Web3 finance.
Our expertise in handling complex data has enabled us to seamlessly integrate 60 networks in 2023, underscoring our commitment to keeping pace with Web3’s rapid growth and innovation.
A Global Presence – Opening New Offices Worldwide
Although we’re headquartered in Tel Aviv, in 2023 we’ve opened offices in London and New York, and are now uniquely positioned to serve a diverse clientele spanning the globe. In 2024, we’ll continue to grab the best worldwide talent to help us build the future of Web3 financial operations and accounting.
Read the Full Release
If you’d like to read the full release, you can see press covereage here:
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