In a significant move that underscores its ambition to dominate the corporate treasury landscape, Ripple Labs has announced the acquisition of GTreasury, a corporate treasury management company based in Chicago, for a staggering $1 billion. This acquisition, announced on Thursday, marks Ripple’s third major purchase in 2025, following its investments in Hidden Road and Rail.
The acquisition of GTreasury not only expands Ripple’s portfolio but also enhances its capabilities in managing digital assets within corporate treasuries. This includes stablecoins and tokenized deposits, which offer clients the potential for yield generation. The integration of GTreasury’s treasury management software with Ripple’s blockchain technology promises to provide businesses with 24/7 access to funds and near-instant settlement for cross-border transactions.
Ripple CEO Brad Garlinghouse emphasized the importance of this acquisition in addressing the inefficiencies of traditional payment systems. He highlighted how legacy infrastructures have trapped funds, leading to delays and excessive costs for businesses. With this strategic purchase, Ripple aims to tap into the expansive $120 trillion corporate treasury payments market.
As part of its ambitious strategy, Ripple is also initiating a fundraising effort to secure at least $1 billion for a new XRP treasury. Sources indicate that this capital raise will be executed through a special purpose acquisition company (SPAC). Ripple plans to contribute its own XRP holdings to this new entity, which, if successful, could become the largest digital asset treasury focused on XRP. This initiative follows a similar recent effort by Singapore-based Trident Digital, which aimed to raise $500 million for an XRP treasury.
This fundraising comes at a time when digital asset treasury companies are facing challenges in the market. Some firms have seen their enterprise values dip below their crypto holdings, highlighting the volatility and risks associated with the digital asset space.
Ripple’s strategic moves are further complemented by a series of partnerships with notable financial institutions. In September, Spanish banking giant BBVA selected Ripple as its custodian for digital assets held for institutional clients. Additionally, Ripple joined forces with asset manager Franklin Templeton and DBS Bank to launch tokenized trading services on the XRP Ledger, facilitating the movement between stablecoins and other digital assets.
Moreover, in October, Ripple partnered with Bahrain Fintech Bay to enhance digital asset custody services, integrating RLUSD dollar-pegged stablecoins into Bahrain’s digital asset ecosystem. This collaboration aims to support financial technology startups and promote innovation in the region.
These acquisitions and partnerships position Ripple as a formidable competitor to the SWIFT interbank messaging system, which has long been the standard protocol for global money transfers. As Ripple continues to innovate and expand its offerings, its native cryptocurrency, XRP, remains a key player in the market. Currently, XRP is trading at $2.35, experiencing a slight decline of 3.33% over the past 24 hours amid a broader downturn in the cryptocurrency market.
Ripple’s recent moves signal a strategic shift towards harnessing the power of blockchain technology to reshape corporate finance, making it an exciting time for both the company and the cryptocurrency ecosystem at large.
