Ripple Drops $1 Billion on GTreasury as XRP Treasury Plans Emerge

TLDR

• Ripple purchased corporate treasury management company GTreasury for $1 billion, marking its third acquisition in 2025 after Hidden Road ($1.25 billion) and Rail
• The acquisition provides Ripple with infrastructure to manage digital assets in corporate treasuries, including stablecoins and tokenized deposits with 24/7 access and near-instant cross-border settlement
• Ripple is leading a fundraising effort to raise at least $1 billion for a new XRP treasury through a special purpose acquisition company
• GTreasury will help Ripple access the multi-trillion dollar corporate treasury market and enable customers to use the global repo market and real-time cross-border payments
• Recent partnerships include BBVA for digital asset custody, Franklin Templeton and DBS Bank for tokenized trading on XRP Ledger, and Bahrain Fintech Bay for custody services

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Ripple Labs announced the purchase of GTreasury, a Chicago-based corporate treasury management company, for $1 billion on Thursday. This marks the company’s third major acquisition in 2025.

The deal provides Ripple with tools to manage digital assets held in corporate treasuries. These assets include stablecoins and tokenized deposits that can generate yield for clients.

GTreasury’s treasury management software will work alongside Ripple’s blockchain infrastructure. This combination allows funds to be accessed around the clock with near-instant settlement for cross-border transactions.

Ripple CEO Brad Garlinghouse said the acquisition addresses problems with slow payment systems. He stated that money has been stuck in outdated infrastructure that causes delays and high costs.

The GTreasury purchase follows Ripple’s $1.25 billion acquisition of Hidden Road, a prime brokerage company, earlier in 2025. The company also acquired stablecoin platform Rail during the same period.

The two companies plan to focus on enabling customers to access the global repo market. They will also provide real-time cross-border payments at competitive rates.

XRP Treasury Fundraise

Bloomberg reported that Ripple is leading an effort to raise at least $1 billion for a new XRP treasury. Sources familiar with the matter said the fundraise will occur through a special purpose acquisition company.

Ripple plans to contribute its own XRP holdings to the new entity. The details of the raise and transaction structure are still being discussed and may change.

If successful, this would become the largest digital asset treasury dedicated to XRP. In June, Singapore-based Trident Digital announced plans to raise $500 million for an XRP treasury.

The fundraising news comes as digital asset treasury companies face market challenges. Key firms including Strategy, Metaplanet, and BitMine have seen their market performance decline, with enterprise values falling below their crypto holdings.

Recent Partnerships

Ripple has signed multiple partnerships with financial institutions in recent months. Spanish banking institution BBVA designated Ripple as its custodian for digital assets held for institutional clients in September.

Asset manager Franklin Templeton, DBS Bank, and Ripple signed a memorandum of understanding in September. The agreement launched tokenized trading services on the XRP Ledger using stablecoins and tokenized money market funds.

The partnership explores strategies for fund managers to move between stablecoins and other digital assets. This approach helps manage volatility while pursuing yield opportunities.

Ripple partnered with Bahrain Fintech Bay in October to offer digital asset custody services. The partnership integrates RLUSD dollar-pegged stablecoins into Bahrain’s digital asset ecosystem.

Bahrain Fintech Bay operates as a public-private partnership between Bahrain’s government and tech companies. It focuses on supporting financial technology startups.

These acquisitions and partnerships support Ripple’s effort to compete with the SWIFT interbank messaging system. SWIFT serves as the standard protocol for financial institutions to transfer money globally.

XRP, the fifth-largest cryptocurrency by market value, traded at $2.35 after falling 3.33% in the past 24 hours. The decline occurred during a broader cryptocurrency market downturn.

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