- Ripple Labs has acquired GTreasury, a treasury software provider, for US$1 billion, adding corporate cash, fiat, and risk tooling to its product line.
- The acquisition aims to integrate GTreasury’s platform with Ripple’s payments and blockchain infrastructure to attack legacy rails with 24/7, near-instant cross-border settlement.
- GTreasury’s platform will allow corporate companies to natively manage digital assets, stablecoins, and tokenised deposits for cash management and yield strategies.
Ripple Labs has acquired treasury software provider GTreasury for US$1 billion (AU$1.55 billion), adding corporate cash, fiat, and risk tooling to its product line. The deal should be finalised for the coming months, subject to regulatory approvals.
Ripple’s CEO, Brad Garlinghouse, framed the move as an attack on legacy rails.
For too long, money has been stuck in slow, outdated payments systems and infrastructure, causing unnecessary delays, high costs, and roadblocks to entering new markets — problems that blockchain technologies are ideally suited to solve.
Brad Garlinghouse, Ripple CEO.This is Ripple’s third buy so far this year. A few months ago, the firm purchased prime broker Hidden Road for US$1.25 billion (AU$1.94 billion). It also partnered with Absa Bank to provide crypto custody services to customers in South Africa, the first such major collaboration on the continent.
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Integrating Corporate Cash and Risk Management with Blockchain
GTreasury’s platform, used by large enterprises to manage multi-billion-dollar liquidity, will be integrated with Ripple’s payments and blockchain infrastructure.
Corporate companies can now legally own and operate digital assets (including stablecoins and tokenised deposits) natively in treasury. The company also said funds will be available 24/7 and move cross-border with near-instant settlement, enabling treasury cash management and yield strategies inside existing workflows.
Ripple has broadened its product set beyond cross-border payments. The firm launched a US-pegged stablecoin last year, RLUSD, with a supply above US$840 million (AU$1.30 billion) on the XRP Ledger and Ethereum. Fast forward a year, Ripple bought stablecoin platform Rail for US$200 million (AU$306 million).
Ripple recently launched a US$200K (AU$306K) attackathon to expose and fix flaws in its upcoming XRP Ledger-based lending protocol.
The price of XRP is currently trading at US$2.34 (AU$3.6), a 2.5% decrease in the past 24 hours, as per CoinGecko data.
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