Ripple Expands Corporate Treasury Reach With $1 Billion Acquisition Of GTreasury

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

On Thursday, Ripple, the company behind the XRP cryptocurrency, announced a significant step forward in its growth strategy with the $1 billion acquisition of GTreasury, a leading player in treasury management systems.

Ripple’s GTreasury Deal

The acquisition of GTreasury marks a pivotal expansion for Ripple, granting it immediate access to the multi-trillion dollar corporate treasury market and a valuable portfolio of some of the most successful corporations globally.

With over four decades of expertise in supporting treasury operations for renowned brands including Accenture, Cognizant, Boston Scientific, and Bank Australia, GTreasury is expected to enhance Ripple’s capabilities in the financial sector.

Brad Garlinghouse, Ripple’s chief executive officer, emphasized the challenges faced by traditional payment systems, stating:

For too long, money has been stuck in slow, outdated payment systems and infrastructure, causing unnecessary delays, high costs, and roadblocks to entering new markets—problems that blockchain technologies are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

By combining the strengths of Ripple and GTreasury, Garlinghouse believes that treasury and finance teams can finally unlock trapped capital, facilitate instant payments, and explore new growth opportunities.