Fireblocks Financial Data vs HQ Wealth

Fireblocks Financial Data, presented as TRES, automates accounting and reconciliation for financial data spanning blockchains, custodians, and exchanges. It classifies transactions, calculates cost basis, handles revaluations, and generates journal entries that can sync with an ERP. Its consolidated ledger covers on-chain and off-chain data across 230+ blockchains, custodians, exchanges, and 10,000+ banks. Wallet data is pulled from blockchain nodes daily, while transaction histories are validated from genesis against archive-node balances. TRES Proof of Funds supplies historical wallet balance snapshots across 220+ blockchains and reconciles them against custodian or internal systems. Listed reporting frameworks include MiCA, VARA, CARF, FCA, MAS, and FASB ASU 2023-08. A Fireblocks workspace connection can provide wallet addresses and track invoices and payments alongside on-chain activity. The product page says automated reconciliation and journal generation can make month-end close 75% faster. TRES states it has SOC 1 Type II and SOC 2 Type II certifications. It runs on the web; pricing is on request.

HQ Wealth is web-based accounting software for crypto and other assets, built around double-entry bookkeeping. It brings cash, equities, property, crypto, bank and brokerage accounts, wallets and exchanges into a single book. The product supports 32 EVM chains and 25 exchange integrations, tracks FIFO, LIFO and HIFO cost basis, and lets users model disposals before trading. Imported movements are checked against chain state, exchange balances or statements and bank feeds; unmatched items enter a reconciliation queue. It can flag scam and airdrop tokens and pair internal transfers automatically. Outputs include tax packs for 12 countries and IFRS-style ledgers, trial balances and account reports. HQ FS says postings are timestamped and immutable, with edits recorded in an audit log. Wallet links use signed ownership messages, and exchange keys must be read-only; HQ FS says it does not receive private keys. HQ Wealth does not execute trades or hold cryptocurrency. Its free plan includes one portfolio and a watermarked tax extract, among other limits. Listed paid options include $25, paid once for 100,000 API calls and $49 a year for a tax pack.