Ripple has acquired the corporate treasury management company GTreasury for $1 billion as part of its strategy to expand its business operations.
This acquisition provides Ripple with the infrastructure needed to manage digital assets held in corporate treasuries, including stablecoins and tokenized deposits that can generate yield for clients, as stated in a Thursday announcement.
GTreasury’s treasury management tools, combined with Ripple’s blockchain capabilities, enable 24/7 access to funds and near-instant settlement for cross-border transactions. CEO Brad Garlinghouse remarked:
“For too long, money has been trapped in slow, outdated payment systems and infrastructure, leading to unnecessary delays, high costs, and barriers to entering new markets — issues that blockchain technologies are perfectly equipped to address.”
The acquisition of GTreasury is Ripple’s third in 2025, following the $1.25 billion purchase of Hidden Road, a prime brokerage firm, and the stablecoin platform Rail. These acquisitions demonstrate the strengthening bond between traditional finance and digital innovation.
Related: Ripple taps Absa to bring bank-grade crypto custody to South Africa
Ripple expands services in a bid to challenge SWIFT
Ripple is actively forming partnerships with both traditional financial institutions and digital asset projects, finalizing several agreements in September and October.
In September, Banco Bilbao Vizcaya Argentaria (BBVA), a Spanish bank, became Ripple’s custodian for digital assets on behalf of institutional clients.
Also in September, asset manager Franklin Templeton, DBS Bank, and Ripple signed a memorandum of understanding to introduce tokenized trading services on the XRP Ledger (XRPL), utilizing stablecoins and tokenized money market funds.
This partnership seeks to explore methods for fund managers to transition between stablecoins and more volatile digital assets, aiming to manage risk while maximizing yield opportunities.
In October, Ripple teamed up with Bahrain Fintech Bay (BFB) to provide digital asset custody services and integrate RLUSD dollar-pegged stablecoins into Bahrain’s digital asset ecosystem.
The BFB is a collaboration between the Bahraini government and tech firms, aimed at fostering fintech startups.
Ripple’s acquisitions and partnerships reflect its broader ambitions to compete against the SWIFT interbank messaging system, the standard method used by global financial institutions for money transfers.
Magazine: XRP win leaves Ripple and industry with no crypto legal precedent set