Ripple Acquires GTreasury for $1 Billion, Expanding Digital Asset Management Services

Ripple has made a significant acquisition, purchasing the corporate treasury management company GTreasury for $1 billion. This strategic move bolsters Ripple’s operations by introducing digital asset management capabilities for companies with substantial funds, including stablecoins and tokenized deposits. The deal allows Ripple to offer clients real-time access and near-instant settlement in cross-border transactions. 24/7 access and near-instant settlement in cross-border transactions are key selling points that benefit both Ripple’s existing service offerings and its expanding partnerships with financial institutions.