Highlights
Ripple has stated that it has taken over GTreasury, a reputable company in treasury management system in the world, at a cost of $1 billion. This is another successful move by the blockchain company into the corporate treasury sphere. It also expands the firm’s leadership in blockchain and digital assets infrastructures for corporations.
Per a statement released to the media, the acquisition will enable Ripple to serve some of the biggest corporate clients worldwide. It would also enable it to access the multi-trillion-dollar treasury market.
Ripple’s collaboration with Securitize is part of its growing corporate push to bring the RLUSD stablecoin to institutional funds managed by BlackRock and VanEck. This helps expand its footprint in tokenized asset finance.
Ripple plans on modernizing corporate liquidity management with the help of GTreasury. It also allows treasurers to move money in real time, saving on costs and releasing tied up funds.
The merger will also enable customers to access Ripple blockchain infrastructure to make real-time payments. In addition, it plans to utilize the tools available in GTreasury in order to be compliant.
The joint venture will target on three goals. Opening up of locked capital via the global repo market making 24/7 and cross-border transactions possible.
The GTreasury deal is Ripple’s third major acquisition this year, following its purchases of prime broker Hidden Road and stablecoin platform Rail. These acquisitions are proof of this firm’s plans to connect traditional finance with blockchain-based systems. It also aligns with Ripple’s broader XRPL DeFi roadmap. This targets tokenization, stablecoin adoption, and on-chain liquidity solutions.
GTreasury CEO Renaat Ver Eecke described the acquisition as a “watershed moment” for the industry. He stated that merging Ripple’s blockchain technology with GTreasury’s risk and compliance systems will allow corporations to “activate” their capital rather than merely manage it.
Attorney Deaton pointed to Ripple’s earlier purchases of Fortress Trust, Algrim, and Standard Custody & Trust. He noted that each added regulatory, liquidity, and stablecoin-backing capabilities. He added that he is convinced that Garlinghouse will lead more expansion efforts.
Ripple’s ongoing expansion also includes strategic partnerships aimed at growing RLUSD’s real-world adoption. Recently, Ripple partnered with Bahrain’s FinTech Bay to advance RLUSD payments in the Middle East.
Brad Garlinghouse, Ripple CEO, stated that the acquisition will blend blockchain efficiency with treasury expertise. He argued that the financial world still operates on shackled systems with slow and outdated systems. However, they can be improved through blockchain technology.
Garlinghouse described the deal as Ripple’s entry into the $120 trillion corporate treasury payments market. These still lock up large amounts of cash and slow global money movement.
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