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- Ripple and GTreasury will provide customers with treasury management solutions, including multi-trillion-dollar repo market access and real-time cross-border payments.
- Ripple plans to raise at least $1 billion via a SPAC and contribute some of its own XRP holdings to establish its own XRP treasury.
On Thursday, October 16, blockchain firm Ripple announced the $1 billion acquisition of GTreasury, marking its entry into the trillion-dollar corporate treasury market. In addition to this, the blockchain firm is also planning to build its own $1 billion XRP treasury.
The crypto firm intends to raise capital through a special purpose acquisition company (SPAC) while allocating a portion of its own XRP holdings.
Ripple Makes The Move With $1 Billion GTreasury Acquisition
Ripple’s latest $1 billion acquisition of GTreasury marks a milestone with the company stepping into the corporate treasury market, while seeking access to some of the biggest global customers. Chicago-based GTreasury specializes in providing treasury management solutions for leading global enterprises.
It is also known for its expertise in risk management, foreign exchange, and regulatory compliance.
Under the partnership, Ripple and GTreasury will work to give customers access to the multi-trillion-dollar global repo market through prime broker Hidden Road, enabling higher returns on short-term assets. The collaboration will also facilitate real-time, cost-efficient cross-border payments.
The deal is likely to be finalized in the coming months. Speaking on the development, Ripple CEO Brad Garlinghouse said:
Ripple’s 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.
Furthermore, Ripple has also been working with other market players for institutional crypto custody solutions. It has partnered with Absa Bank, one of South Africa’s largest financial institutions, to launch digital asset custody solutions for institutional clients, as reported by CNF.
The collaboration aims to address the rising demand for secure and regulatory-compliant cryptocurrency infrastructure in the region.
Working on the $1 Billion XRP Treasury
Ripple Labs is reportedly seeking to raise at least $1 billion to establish an XRP treasury. The company plans to secure funding through a special purpose acquisition company (SPAC) and contribute a portion of its own XRP holdings to the initiative, as reported by Bloomberg.
If completed, Ripple’s initiative would mark the largest XRP treasury to date. For comparison, Singapore-based Trident Digital is targeting a $500 million raise for its own XRP treasury, while Webus International is pursuing a $300 million fund.
Institutional interest in XRP has grown significantly this year, though only a limited number of firms have adopted it as a corporate treasury reserve asset. Bitcoin and Ethereum continue to dominate the digital asset treasury landscape in 2025.
