Ripple Acquires GTreasury for $1B
Ripple, a leading provider of digital asset infrastructure for enterprises, has acquired GTreasury, a global leader in treasury management systems, for $1 billion.
This strategic move aims to unlock trillions in corporate capital, enabling CFOs and treasurers to move funds instantly and transform cash management for the world's largest brands.
Despite a bearish turn in XRP, Ripple's acquisition of GTreasury positions the company at the forefront of a multi-trillion-dollar market.
GTreasury brings over four decades of expertise in supporting treasury operations for successful companies globally.
Ripple snaps up GTreasury for $1B to free trillions in corporate idle capital.
Ripple's acquisition is expected to reshape enterprise treasury management, enabling companies to unlock idle capital and improve their financial operations.
Author's summary: Ripple acquires GTreasury for $1B to boost idle capital.