Ripple said Thursday it will acquire treasury-management software provider GTreasury for $1 billion, a push into corporate finance after years spent building cross-border payments and stablecoin infrastructure.
The company announced the deal on Oct. 16 and said it expects closing in the coming months, subject to approvals.
Ripple framed the purchase as an entry point to a vast corner of finance served by incumbent banks and legacy software, and one that is increasingly focused on real-time money movement and on-chain liquidity.
The company announced its $1 billion acquisition of GTreasury.
GTreasury sells software that corporate treasurers use to forecast cash, manage risk and route payments. The firm advertises connections to more than 13,000 banks and says clients process about $12.5 trillion in payments annually.
It also lists a customer base of more than 1,000 companies across 160 countries. Those pipes give Ripple immediate reach into day-to-day corporate money flows and the back-office systems that reconcile them.
GTreasury’s bank connectivity and payments footprint are detailed on its site, including the “13,000 connected banks” and payments volume figures.
Ripple plans to plug its blockchain stack into that infrastructure. The company says it will bring the XRP Ledger, the digital asset XRP and its U.S. dollar stablecoin RLUSD to GTreasury’s workflows so treasurers can move funds around the clock, settle cross-border payables faster and put idle balances to work with on-chain liquidity.
More Read
The pitch is that crypto rails can eliminate cutoff times and reduce friction that still exists inside multinational cash pools, while GTreasury’s controls and audit trails keep finance teams within compliance guardrails.
The transaction is Ripple’s third sizable deal of 2025, following its agreement in April to buy prime broker Hidden Road and its August purchase of stablecoin payments platform Rail.
Taken together, the company is building a front-to-back corporate payments and liquidity stack that spans execution, custody and settlement.
Ripple also highlighted “real-time” capabilities and access to repo and short-term cash markets through partners, aiming to convert trapped working capital into an active asset.
Chief executive Brad Garlinghouse underscored the scale of the prize in a post on X, describing corporate treasury payments as a roughly $120 trillion market.
Stablecoin rules have firmed up in key jurisdictions, and the largest companies have spent the past two years testing tokenized cash, experimenting with on-chain settlement and demanding round-the-clock liquidity from their banks.
More Read
The strategic bet is that treasurers will want a single system that connects to thousands of banking endpoints while also speaking blockchain.
