Ripple has finalized the acquisition of GTreasury, a corporate treasury management platform, for $1 billion, marking its third acquisition in 2025 as part of its broader strategy to merge traditional finance with digital asset initiatives.

This acquisition enhances Ripple’s capabilities in managing digital assets, particularly stablecoins and tokenized deposits, which can yield returns for clients. GTreasury’s tools, combined with Ripple’s blockchain technology, facilitate 24/7 accessibility and rapid cross-border transactions.

Brad Garlinghouse, the CEO of Ripple, remarked:

“For too long, money has been stuck in slow, outdated payment systems and infrastructure, causing unnecessary delays, high costs, and roadblocks to entering new markets — problems that blockchain technologies are ideally suited to solve.”
(Translation: For too long, money has been trapped in slow, outdated payment systems, leading to costly delays and barriers to new market entry — issues that blockchain technology is uniquely equipped to address.)

The acquisition of GTreasury follows Ripple’s previous purchases, including the $1.25 billion acquisition of Hidden Road and plans for a stablecoin platform known as Rail, emphasizing a growing synergy between conventional and digital finance.

Ripple’s Strategy to Compete with SWIFT

Ripple is actively forming partnerships with both traditional banks and digital asset projects, with significant agreements lined up in September and October.

Banco Bilbao Vizcaya Argentaria (BBVA), a major bank from Spain, has partnered with Ripple to serve as the custodian for their digital asset holdings. Moreover, a tripartite memorandum of understanding involving asset manager Franklin Templeton, DBS Bank, and Ripple was established to introduce tokenized trading services on the XRP Ledger, catering to asset managers’ needs to balance stablecoins with more volatile digital assets.

Additionally, Ripple has collaborated with Bahrain Fintech Bay to integrate RLUSD stablecoins, expanding their digital asset custody services within Bahrain’s financial ecosystem.

This series of acquisitions and partnerships is integral to Ripple’s efforts to challenge the established SWIFT interbank messaging system, traditionally the protocol of choice for global financial transactions.