Ripple acquires GTreasury for $1 billion: 'Watershed moment for treasury management'

Ripple said Thursday it has acquired GTreasury, the "global leader in treasury management systems," for $1 billion in an effort to open up the multi-trillion dollar corporate treasury market and gain access to many of the largest and most successful corporate customers. 

"For too long, money has been stuck in slow, outdated payments systems and infrastructure, causing unnecessary delays, high costs, and roadblocks to entering new markets -- problems that blockchain technologies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," said Ripple CEO Brad Garlinghouse. "Ripple's and GTreasury's capabilities together bring the best of both worlds, so treasury and finance teams can finally put their trapped capital to work, process payments instantly, and open up new growth opportunities."

Chicago-based GTreasury brings over four decades of experience supporting treasury operations for the world's most recognized brands, according to the release. The company says its platform is recognized for its risk management and FX solutions, alongside compliance and audit frameworks. 

Ripple and GTreasury will focus on enabling customers to tap into the multi-trillion-dollar global repo market via prime broker Hidden Road, earning more on short-term assets, as well as enabling real-time cross-border payments at competitive rates. The deal is expected to close in the coming months.

"This acquisition is a watershed moment for treasury management. We have focused on providing the most compliant and feature-rich solutions to corporations around the globe," said GTreasury CEO Renaat Ver Eecke. "Now, by joining Ripple, we are accelerating our vision from managing capital to activating it."

This is Ripple's third major acquisition in 2025. In one of the largest deals in crypto history, the firm bought prime broker Hidden Road for $1.25 billion in April. In August, Ripple bought stablecoin platform Rail for $200 million .

Last month, Ripple CTO David Schwartz announced his departure as CTO by the end of the year. He was instrumental in coding the XRP ledger, the blockchain associated with Ripple.

Garlinghouse spoke on Wednesday at DC Fintech Week , weighing in on the current regulatory environment while also criticizing traditional finance.

"The industry needs what Ripple has already achieved, which is clarity," Garlinghouse said. "We had to get clarity through a $150 million lawsuit and a federal judge, but we think the whole industry should have that same clarity, so we have been fighting for that and we will continue to do so."