Blockchain-based payments company Ripple launched a new enterprise product, Ripple Treasury, earlier this week that aims to help businesses manage traditional cash and digital assets within a single system, following its $1 billion acquisition of treasury software firm GTreasury last year.
The platform allows corporate finance teams to move money across borders using Ripple’s RLUSD stablecoin, settling payments in three to five seconds instead of the three to five business days typical of wire transfers.
Ripple says the system is designed to reduce idle capital and simplify liquidity management for global businesses.
Ripple Treasury integrates directly with corporate treasury workflows through APIs that pull balances and transactions from digital asset platforms into the same dashboards used for cash, debt and short-term investments.
The idea is to let businesses treat crypto rails as an extension of their existing banking infrastructure, rather than a separate system that is managed manually.
In addition to payments, the platform connects users to overnight repo markets and tokenized money market funds, including BlackRock’s BUIDL. It allows businesses to earn returns on excess cash around the clock instead of parking funds in bank accounts that stop functioning outside business hours.
The launch marks Ripple’s first major product release since acquiring Chicago-based GTreasury in October, a deal that brought decades of corporate finance experience to the company.
Ripple is also leaning on infrastructure from Hidden Road, the prime brokerage it bought last year, to provide access to short-term funding markets.
