Ripple, a cryptocurrency firm, will acquire GTreasury, the treasury management systems supplier for $1 billion, in a move that connects the increasing digital asset economy and corporate finance. 

Buffalo Grove, IL-based GTreasury is a software provider overseeing liquidity, payments, risk exposure, and cash forecasting for over four decades. 

In part of the deal, Ripple will gain access to GTreasury’s vast network of clients and systems that manage capital management and interbank payments. The acquisition comes as digital assets are becoming more accessible for various public corporations and a growing demand for real-time liquidity. 

This is Ripple’s third acquisition for the year, following its acquisition of Hidden Road for $1.25 billion, which marked Ripple’s second-largest deal, and Rail, a stablecoin management firm, for $200 million. Ripple’s recent acquisition, which was revealed on October 16, is expected to close in the coming months. 

The deal will help CFOs and treasurers at Fortune 500 firms to “move, manage, and optimize liquidity in real time,” Ripple said. 

Additionally, Ripple stated that GTreasury’s clients may potentially gain access to digital asset yield opportunities, including money market platforms, through Hidden Road. 

“This acquisition is a watershed moment for treasury management. We have focused on providing the most compliant and feature-rich solutions to corporations around the globe,”Renaat Ver Eecke, CEO of GTreasury, said. “The combination of our cash forecasting, risk management, and compliance foundation with Ripple’s speed, global network, and digital asset solutions creates an opportunity for treasurers to manage liquidity, payments, and risk in the new digital economy.” 

Following the acquisition, HG Capital, which invested in GTreasury in 2023, will exit the deal. 

Earlier this month, Ripple partnered with Bahrain Fintech Bay to develop and support the integration of blockchain and digital asset technology in Bahrain.