Digital asset firm Ripple has acquired GTreasury, a company that provides treasury services to CFOs and Treasurers.
According to a release, Ripple purchased the firm for $1 billion.
Brad Garlinghouse, CEO of Ripple, said the combination of the two firms will bring the best of both worlds together, “so treasury and finance teams can finally put their trapped capital to work, process payments instantly, and open up new growth opportunities.”
Garlinghouse added on X that they are poised to break into the $120 trillion treasury payments market
“Astounding amounts of cash are trapped in outdated payments systems, creating friction, unnecessary costs, and barriers to entering new markets. GTreasury has been serving some of the most well-known brands for decades – and now together with Ripple, we’ll be able to help CFOs manage all their assets, include stablecoins, tokenized deposits, etc at scale around the world, as well as put their idle capital to work with repo markets via Hidden Road.”
Ripple states that going forward, firms will need to be able to manage stability and tokenized assets at scale. Rippl will now help unlock idle capital and facilitate instant money transfers with GTreasury customers.
Renaat Ver Eecke, GTreasury CEO, said the sale was a watershed moment for treasury management. The combination of their forecasting, risk management, and compliance with Ripple’s speed and digital asset solutions creates a massive opportunity for treasurers to manage money.
This is Ripple’s third major acquisition in 2025 alone, following the purchases of prime broker Hidden Road and stablecoin platform Rail.