Ripple has confirmed the purchase of treasury management firm GTreasury for $1 billion, marking its entry into corporate finance.
The deal highlights Ripple's move towards democratizing corporate finance, with GTreasury bringing four decades of experience serving leading brands.
We’re proud to announce @Ripple is acquiring treasury management leader GTreasury.
The acquisition aims to transform the financial space with speed, reduced entry barriers, and lower fees, solving problems in the traditional finance space.
The combination of Ripple's enterprise crypto solutions and GTreasury's expertise opens up the multi-trillion-dollar corporate treasury market.
Author's summary: Ripple buys GTreasury for $1B.