Tres.Finance is the sole solution available to Web3 companies operating across multiple Layer 1s and 2s. Engaging in DeFi activity, and especially building on SKALE to maintain compliance, automate accounting, and reconcile their activity.

Any company involved in digital assets requires a financial back-office. By utilizing Tres, finance teams can reduce their monthly accounting time by 70%. Generate an audit trail to eliminate weeks of year-end work, and track their DeFi and NFT activities, known as revenue streams. Since their launch in September 2022, more than 100+ blockchain platforms have been utilizing their services.

Tres.Finance has great faith in the SKALE ecosystem and its potential. This is why they have chosen to serve as its financial back-office. With several prominent players in the industry building on the network, they will provide a streamlined financial operations solution that enables these projects to allocate their time and resources to other critical tasks.

“SKALE’s ecosystem is growing rapidly, positioning their layer2 as an exciting upcoming to win over developers and businesses that will enjoy the network effect.” — Tres.Finance Co-Founder and CEO Tal Zackon

ABOUT Skale Network

SKALE is an Ethereum native, modular blockchain network composed of high-throughput, low-latency blockchains that are optimized for the Web3 user experience. SKALE chains offer zero gas fees to end-users and have advanced features such as on-chain file storage, interchain messaging, zero-cost minting, ML/AI smart contracts, and enhanced security features. The SKALE network enables developers to deploy their own EVM blockchain in minutes without sacrificing speed, security, or decentralization

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ABOUT Tres.Finance

Tres.Finance is the first Web3 financial data lake. The only way to manage and monitor your Web3 Finance.

Website | Twitter

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Since they arrived 14 years ago, blockchain and cryptocurrencies have gone a long way. This is evidenced today with decentralized autonomous organizations (DAOs), cryptocurrency exchanges and investment funds, and many other businesses increasingly holding significant parts of their assets and executing some, if not all, payment transactions on-chain.

At the same time, recent dramatic events in the crypto space have shown more vividly than ever that proper financial management is crucial for the maturation of our industry and boosting its credibility.

However, managing and monitoring funds on-chain is still far from frictionless for most businesses. The Fuse team has been working on creating opportunities for businesses to plug web3 payments and decentralized finance (DeFi) into their operations. It is, thus, logical that we would be seeking to integrate with a blockchain financial data provider like Tres.

How Fuse integrates Tres

Tres has now deployed its tech stack to the Fuse Network blockchain, and the Fuse Foundation has started using the platform for internal accounting and asset management purposes.

They also encourage project teams and businesses building on top of Fuse to consider reaching out to Tres and exploring their offering. Under the terms of the Fuse-Tres partnership, customers using Tres on Fuse will be eligible for a 20% subscription fee discount during the first year of using Tres, as well as fee-free transactions on Fuse Network if those are executed through Tres.

🔽DETAILS:

https://news.fuse.io/tres-simplifies-crypto-finance-management-on-fuse/

The post Tres Simplifies Financials for Businesses Transacting with Crypto on Fuse appeared first on Smart Liquidity Research.