Ripple announced on Thursday that it has acquired GTreasury, a leading global treasury management systems provider, in a $1 billion deal aimed at expanding its reach into the multi-trillion-dollar corporate treasury market.
According to the company, the acquisition will allow Ripple to integrate blockchain-based payment solutions with GTreasury’s long-established platform, giving it access to some of the world’s largest and most successful corporate clients.
Ripple CEO Brad Garlinghouse said the move is designed to eliminate inefficiencies in traditional financial infrastructure. “For too long, money has been stuck in slow, outdated payments systems,” he noted. “Ripple’s and GTreasury’s capabilities together bring the best of both worlds, enabling treasury and finance teams to put trapped capital to work and process payments instantly.”
Founded in Chicago more than four decades ago, GTreasury supports global corporations with risk management, FX solutions, and compliance tools. Under Ripple’s ownership, the companies plan to enable clients to access the global repo market via prime broker Hidden Road and earn yield on short-term assets, while facilitating real-time cross-border payments.
GTreasury CEO Renaat Ver Eecke called the deal a “watershed moment for treasury management,” adding that joining Ripple will help “accelerate our vision from managing capital to activating it.”
The acquisition is expected to close in the coming months.