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 combines Ripple's enterprise crypto solutions with GTreasury's expertise, opening up the multi-trillion-dollar corporate treasury market.
- Ripple aims to transform the financial space with speed, reduced entry barriers, and lower fees.
- The acquisition solves problems that have long affected the traditional finance (TradiFi) space.
Author's summary: Ripple buys GTreasury for $1B.