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Ripple acquired corporate treasury management company GTreasury for $1 billion, as part of a business acquisition strategy to expand its operations.
The deal gives Ripple infrastructure to manage digital assets held in corporate treasuries, including stablecoins and tokenized deposits, which can be used to generate yield for clients, according to a Thursday announcement.
GTreasury’s corporate treasury management tools, alongside Ripple’s suite of blockchain rails, allows the funds to be accessed 24/7 and sent with near-instant settlement in…
