Ripple Acquires GTreasury for $1 Billion
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, leveraging GTreasury's four-decade 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, addressing long-standing 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.