Ripple has officially announced the $1 billion acquisition of GTreasury, a Chicago-based leader in treasury management systems with over 40 years of experience serving Fortune 500 companies like American Airlines.
The deal was revealed on October 16, 2025, and is pending regulatory approvals. This marks Ripple’s third major acquisition this year, following the $1.25 billion purchase of multi-asset prime broker Hidden Road in April and the $200 million acquisition of stablecoin payments platform Rail in August.
Ripple, best known for its blockchain-based cross-border payment solutions and the XRP Ledger, is aggressively expanding beyond crypto-native services into traditional enterprise finance.
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The corporate treasury market is massive—estimated at over $120 trillion globally—and has long been hampered by slow, costly legacy systems. By integrating GTreasury’s expertise in cash forecasting, risk management, FX hedging, and compliance with Ripple’s digital asset infrastructure, the combined entity aims
Access the multi-trillion-dollar repo market through Hidden Road, allowing treasurers to earn yields on short-term assets like stablecoins and tokenized deposits.
Enable instant global payments: Facilitate 24/7/365 real-time cross-border transfers at lower costs, leveraging Ripple’s On-Demand Liquidity (ODL) and XRP for settlement.
Bridge fiat and digital assets: Equip CFOs to manage emerging assets like stablecoins at scale, reducing friction in liquidity optimization and regulatory compliance.
Ripple CEO Brad Garlinghouse called it a solution to “money stuck in slow, outdated payments systems,” emphasizing how blockchain can eliminate delays and barriers to new markets.
GTreasury CEO Renaat Ver Eecke described the move as a “watershed moment,” shifting from merely managing capital to “activating it” in the digital economy.
The news has sparked buzz in crypto circles, with X users highlighting its potential to drive XRP adoption and institutional inflows. Posts show enthusiasm around Ripple’s push into treasury ops, with some speculating on a related $1B SPAC raise for an XRP-focused digital asset treasury—though this appears unconfirmed and tied to broader fundraising rumors.
Overall sentiment is bullish, positioning this as a step toward a “full-stack crypto-powered finance platform.” Enhances repo market access and yield generation for digital assets.
XRP—the native cryptocurrency of the Ripple blockchain (XRP Ledger)—holds a market dominance of approximately 4% in the global cryptocurrency market.
This metric represents XRP’s share of the total crypto market capitalization, positioning it as the fifth-largest cryptocurrency by market cap, behind Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Binance Coin (BNB).
The total crypto market cap stands at around $3.4–3.7 trillion, with BTC dominance at 52–57.5% and ETH at 12–13%, leaving roughly 30–35% for all altcoins combined, of which XRP claims a notable slice.
A “Uptober” rally could push XRP to $2.50–$2.80 if ETF approvals materialize, potentially lifting dominance to 4.5–5%. Long-term, by 2030, projections range from $5.25 base case to $20+ in bullish scenarios, assuming sustained 4–5% dominance and total market cap growth to $10–40 trillion.
Treasury management system opens $120T corporate treasury market; integrates risk/compliance tools with blockchain. This spree signals Ripple’s vision for an integrated ecosystem where crypto underpins enterprise finance, potentially accelerating XRP’s utility amid growing regulatory clarity with recent BBVA custody partnership.
The resolution of Ripple’s long-standing SEC lawsuit in late 2024 removed a major overhang, boosting confidence. Upcoming SEC decisions on six XRP ETF applications starting October 18 for Grayscale have Polymarket approval odds at 87%, potentially mirroring Bitcoin’s post-ETF surge.
