Ripple Introduces Treasury Platform That Manages Traditional and Digital Assets

Ripple introduced a treasury platform designed to give chief financial officers, treasurers and accounting teams complete control over traditional and digital treasury operations.

Enabled by the company’s acquisition of GTreasury, the new Ripple Treasury, Powered by GTreasury brings together Ripple’s enterprise blockchain infrastructure and GTreasury’s treasury command center, Ripple said in a Wednesday (Jan. 28) blog post.

The combination provides a single, integrated framework in which users can move, manage and optimize liquidity in real time, across traditional and digital assets, according to the post.

With Ripple Treasury, users can gain unified visibility for managing traditional and digital assets; put dollars to work at any time while maintaining instant access to liquidity; eliminate settlement delays and foreign exchange (FX) risk in cross-border payments; and gain instant settlement of vendor payments, the post said.

The platform accommodates digital assets, tokenized securities, central bank digital currencies, real-time settlement rails and programmable payments, as well as traditional cash management, multicurrency operations, FX risk management, investment optimization and bank reconciliation, per the post.

“The integration of GTreasury’s 40 years of treasury expertise with Ripple’s cutting-edge blockchain infrastructure creates something that has never existed before: a treasury platform built for both today’s operations and tomorrow’s innovation,” Ripple said in the post.

When Ripple acquired GTreasury for $1 billion in October, the company said the deal provided it with access to the corporate treasury market and many large and successful corporate customers.

Ripple CEO Brad Garlinghouse said at the time in a press release that blockchain technologies can solve the problems caused by outdated payment systems and infrastructure, including unnecessary delays, high costs and roadblocks to entering new markets.

“Ripple and GTreasury’s capabilities together bring the best of both worlds, so treasury and finance teams can finally put their trapped capital to work, process payments instantly and open up new growth opportunities,” Garlinghouse said.

On Jan. 6, Ripple’s GTreasury acquired Solvexia, a provider of no-code financial automation, data management and analytics solutions. The firm said the deal would expand GTreasury’s platform to automate reconciliation and regulatory reporting across treasury, finance and compliance operations.

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