Ripple, the issuer of the XRP cryptocurrency, announced on October 16th of this year: G Treasury Acquisitiona financial management systems company valued at $1 billion.
With this operation, Ripple aims to expand its reach into the corporate finance marketa sector that manages trillions of dollars worldwide.
The main purpose of the purchase is Combining Ripple payment technology and GTreasury platform Provides companies with advanced solutions in liquidity management. This includes the ability to efficiently process stablecoins and other tokenized assets.
In a press release issued by Ripple, CEO Brad Garlinghouse said the merger will allow finance teams to “leverage locked-up capital, process payments instantly, and unlock new growth opportunities.”
acquisition Companies have easier access to more agile capital markets Optimize cross-border payment flows.
Renaat Ver Eecke, CEO of GTreasury, described the merger as a “defining moment for financial management.”
This will be Ripple’s third strategic acquisition in 2025.after purchasing the Hidden Road broker and Rail stablecoin platform.
The final conclusion of the agreement will require approval from the corresponding regulatory bodies, and this process is expected to be completed in the coming months.
Despite these developments, XRP price has not shown any improvement in the past few hours.
As CriptoNoticias explained today, cryptocurrencies are at a critical point in whether they can sustain their upward trend.
(Tag translation) Corporate partnership