Ripple buys 40-year-old firm in $1 billion deal

On Oct. 16, Ripple announced the acquisition of GTreasury, a 40-year-old global leader in corporate treasury management. According to Ripple, the deal will unlock idle corporate capital, enable real-time cross-border payments, and prepare Fortune 500 firms to manage stablecoins, tokenized deposits, and other digital assets at scale. The partnership also provides access to the global repo market through prime broker Hidden Road. “For too long, money has been stuck in slow, outdated payment systems and infr ...