Today, Ripple is acquiring GTreasury for $1 billion, entering the $120 trillion corporate financial payments market.
The past few years have made it clear to the industry that payments are the primary use case for cryptocurrencies and blockchain. Ripple initially chose payments for these very reasons—its infrastructure is complex, siloed, and inefficient, yet, as we know, it's perfectly positioned to benefit from decentralized financial technologies.
A significant amount of capital is trapped in outdated payment systems, creating friction, unnecessary costs, and hindering entry into new markets. GTreasury has served some of the world's most renowned brands for decades—and now, together with Ripple, we will help CFOs manage all their assets globally at scale, including stablecoins, tokenized deposits, and more, and access their idle funds through Hidden Road's repo market.
The opportunity is here, and we're fully committed. It's happening!