Ripple, the blockchain firm closely associated with the XRP Ledger (XRP) network, is acquiring treasury software provider GTreasury for $1 billion, pushing deeper into corporate finance.
GTreasury’s treasury platform, used by Fortune 500 enterprise for managing cash, foreign exchange and risk, will become part of Ripple’s expanding suite of financial tools, the firm told CoinDesk on Thursday. The acquisition is set to close in the coming months, subject to regulatory approvals, it added.
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