Ripple strengthens corporate payments push with $1B GTreasury acquisition

Ripple has announced its largest acquisition of Chicago-based treasury management specialist GTreasury for $1 billion.

Detailed in an official press release on Ripple’s website, this transaction emphasizes the San Francisco fintech giant’s aggressive push to embed digital assets into the core operations of global corporations.

Ripple eyes corporate treasury players with GTreasury move

Ripple’s foray into corporate treasury management through the GTreasury acquisition marks a pivotal evolution for the company.

It’s a move that adds to recent deals and partnerships.

This is because Ripple is a major champion of efficient global payments via its solutions. Other than XRP, the company is behind the Ripple USD stablecoin and the XRP Ledger network.

Treasury plays across the ecosystem, including those focused on the native token XRP, are on the rise.

Ripple acquires key platform

GTreasury, founded over four decades ago, brings to the table a suite of tools renowned for their compliance rigor and connectivity to major banks and enterprise resource planning systems.

Its platform excels in risk assessment, foreign exchange hedging, and liquidity optimization.

Meanwhile, Ripple’s blockchain solution addresses the inefficiencies that have plagued treasurers for years, such as delayed settlements and exorbitant fees.

By merging GTreasury’s forecasting and audit capabilities with Ripple’s real-time transaction network, the combined entity aims to empower finance leaders to deploy idle capital more dynamically.

Brad Garlinghouse, Ripple CEO, said:

For too long, money has been stuck in slow, outdated payment systems and infrastructure, causing unnecessary delays, high costs, and roadblocks to entering new markets — problems that blockchain technologies are ideally suited to solve.

Growth opportunity

The GTreasury footprint is global, with the Chicago-based firm having offices in Dublin, London, Sydney, Singapore, and Manila.

In the grand scheme of things, this is another major move that adds to Ripple’s acquisition of prime brokerage Hidden Road and stablecoin platform Rail.

The integration could be a huge boost to RLUSD and XRP as treasury firms take advantage of crypto and blockchain for growth opportunities.

“I’m excited for Ripple and GTreasury to help corporates move money around the world faster, cheaper, 24/7/365, and actively manage and grow their money through safe, more efficient solutions. It’s the Ripple platform put to work at the global corporate scale. The opportunity to unlock trillions in trapped capital for corporates is huge and ambitious and… did I say exciting!?” Ripple president Monica Long said.

The deal, which Ripple expects to close later in the year, will allow for the teaming up of two platforms that could offer a major boost to Fortune 500 CFOs and treasurers.

GTreasury’s suite of tools will help equip these players with tools to easily manage and scale the adoption of stablecoins, tokenized deposits, and other assets.

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