Ripple, the enterprise blockchain and crypto solutions provider, has announced its acquisition of GTreasury, a corporate treasury management company, for $1 billion. The deal, revealed on Thursday, October 16, 2025, marks Ripple's third major acquisition this year, following the purchases of prime brokerage firm Hidden Road and stablecoin platform Rail. This strategic move signals Ripple's ambition to expand beyond blockchain-based payments and establish a significant presence in the multi-trillion-dollar corporate treasury market. The transaction is subject to regulatory approvals and is expected to close in the coming months.
GTreasury, headquartered in Chicago, has been providing treasury management solutions to corporations for over four decades. Its platform is recognized for risk management, FX solutions, compliance, and audit frameworks. The company's client base includes major corporations such as American Airlines, Goodyear, Hitachi, and Volvo. GTreasury's platform processes approximately $12.5 trillion in payments volume annually, offering services such as cash management, accounting, banking connectivity, risk analytics, and hedge accounting. Hg, a leading investor in European and transatlantic software and services businesses, invested in GTreasury in 2023 and will fully exit the business as a result of this transaction, alongside minority investor, Mainsail Partners.
Ripple's acquisition of GTreasury aims to bridge the gap between traditional finance and the emerging digital asset landscape. By integrating GTreasury's platform with Ripple's blockchain technology, the combined entity seeks to provide corporate treasurers with real-time, 24/7 cross-border payment capabilities, enhanced liquidity management, and access to new growth opportunities. Ripple's CEO, Brad Garlinghouse, stated that "astounding amounts of cash are trapped in outdated payment systems," and the acquisition will help CFOs manage their cash more efficiently. He further added that the combined capabilities of Ripple and GTreasury bring the best of both worlds, enabling treasury and finance teams to put their trapped capital to work and process payments instantly.
A key aspect of the integration will involve enabling GTreasury's customers to access the multi-trillion-dollar global repo market through Hidden Road, Ripple's prime brokerage service acquired earlier in April for $1.25 billion. This will allow corporations to earn yield on short-term assets by depositing cash or stablecoins with Hidden Road, which then lends it to hedge funds or banks, providing the corporations with overnight interest and collateral. Ripple's President, Monica Long, believes this integration can potentially unlock trillions in trapped capital for corporate players.
The acquisition also aligns with the increasing interest in digital settlement tools, stablecoins, and on-chain liquidity solutions among corporate finance teams. Ripple plans to offer real-time cross-border payments through GTreasury's platform and provide access to new liquidity options, including stablecoins like Ripple's RLUSD and tokenized assets. GTreasury's CEO, Renaat Ver Eecke, sees the acquisition as a "watershed moment for treasury management," accelerating the vision of managing and activating capital.
This move is part of Ripple's broader strategy to become a comprehensive financial infrastructure provider. In addition to the acquisitions of Hidden Road and Rail, Ripple has been actively pursuing partnerships with banks and financial institutions globally to expand the reach of its blockchain-based solutions. Recently, Ripple partnered with Absa Bank in South Africa, marking its entry into the African custody market. The company is also pursuing a U.S. banking license, which would further solidify its position in the financial industry.
