Ripple announced on Thursday that it has agreed to acquire GTreasury, a veteran treasury management software firm, in a deal valued at $1 billion, marking a major push into the multi-trillion-dollar corporate treasury space.
GTreasury, headquartered in Chicago and serving clients in 160 countries, brings decades of experience supporting corporate treasury functions such as cash forecasting, risk management, compliance, and foreign exchange.
The deal is expected to close in the coming months, subject to regulatory approvals.
In announcing the acquisition, Ripple CEO Brad Garlinghouse said: “For too long, money has been stuck in slow, outdated payment systems and infrastructure … Ripple’s and GTreasury’s capabilities together bring the best of both worlds, so treasury and finance teams can finally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.”
A key strategic angle is to combine GTreasury’s enterprise client base and treasury tools with Ripple’s blockchain rails and recent acquisitions. Ripple recently acquired Hidden Road, a prime brokerage, for $1.25B, and Rail, a stablecoin payments platform, for $200M in earlier 2025 moves.
Together, Ripple and GTreasury plan to enable corporate clients to tap into idle capital and yield opportunities via the global repo market through Hidden Road, while also offering real-time cross-border payments at competitive rates.
GTreasury CEO Renaat Ver Eecke called the acquisition “a watershed moment for treasury management,” noting the pairing accelerates GTreasury’s evolution from managing capital to activating it.
The acquisition positions Ripple as more than a payments or blockchain company—it signals an ambition to become a full-stack corporate finance infrastructure provider sitting at the intersection of traditional treasury operations and decentralized finance.