Ripple CEO Brad Garlinghouse said the deal would reduce friction and costs of “outdated payments systems.”
Fintech Ripple announced Thursday that it bought software firm GTreasury for $1 billion in the crypto giant’s third major deal this year, adding a company that can support the growth of companies managing crypto in their corporate treasuries.
Ripple, the company whose founders created major crypto asset XRP, said the acquisition would help the company move money and unlock idle capital. The deal is the latest example of a big digital asset company pushing into the mainstream.
GTreasury offers a platform that allows finance teams within companies to better analyze and manage their cash flows.
“For too long, money has been stuck in slow, outdated payments systems and infrastructure, causing unnecessary delays, high costs, and roadblocks to entering new markets — problems that blockchain technologies are ideally suited to solve,” Ripple CEO Brad Garlinghouse said in a statement.
He continued on X: “The past few years have reminded this industry why payments, first and foremost, is the primary use case for crypto and blockchain,” adding that the deal would reduce friction and costs of “outdated payments systems.”
The announcement said Ripple would be able to help the “financial world’s shift towards digital assets” as more top companies deal with managing stablecoins, tokenized deposits, and other assets at scale.
Ripple’s acquisition comes as more and more major companies are handling crypto assets, fueled in part by President Trump’s pro-crypto policies and the passing of the GENIUS Act stablecoin legislation this summer. It also comes amid a surge in companies holding crypto assets in their treasuries, often referred to as digital asset treasuries or DATs, led by Bitcoin giant Strategy with its nearly $70 billion in BTC.
“The combination of our cash forecasting, risk management, and compliance foundation with Ripple’s speed, global network, and digital asset solutions creates an opportunity for treasurers to manage liquidity, payments, and risk in the new digital economy,” GTreasury CEO Renaat Ver Eecke added.
Ripple is a fintech company that focuses on moving money around the globe quickly. Its founders also created XRP, the fifth-biggest cryptocurrency by market capitalization.
