Crypto: Ripple Takes Blockchain Into The Back Office With New Treasury...

Built on Ripple’s GTreasury acquisition, the platform integrates cash management with blockchain settlement as digital assets gain a foothold on corporate balance sheets.

Ripple has expanded its push into enterprise finance with the launch of a corporate treasury platform that combines traditional cash management tools with digital asset infrastructure.

According to a blog post on Tuesday, the platform combines GTreasury’s treasury management software with Ripple’s blockchain and stablecoin rails, allowing companies to manage cash, payments and liquidity from a single system while maintaining existing controls and workflows.

Ripple said the platform is designed to address common treasury pain points such as multi-day settlement cycles and limited visibility across accounts, using digital asset infrastructure to shorten settlement times and reduce cross-border payment friction.

The platform also supports yield strategies for idle cash outside traditional banking hours, allowing treasurers to deploy capital while maintaining existing risk controls and investment policies.

In an introductory talk on Wednesday, Renaat Ver Eecke, CEO of GTreasury, said:

The platform supports cross-border payments and liquidity management, using stablecoins for settlement, reducing foreign exchange exposure.

“One of the key things to removing friction is making sure the world between digital assets and traditional fiat has 100% visibility, in a single platform,” Eecke added.

Ripple acquired GTreasury in October for $1 billion. The company is the issuer of Ripple USD (RLUSD), a US dollar–denominated stablecoin with a $1.42 billion market capitalization at time of writing, according to DefiLlama data.

Related: Former SEC lawyer responds to Ripple CLARITY Act concerns in public submission

Source: CoinTelegraph