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Ripple Acquires GTreasury in $1 Billion Deal to Expand Blockchain in Corporate Finance

Ripple Acquires GTreasury in $1 Billion Deal to Expand Blockchain in Corporate Finance

Ripple Labs is raising at least $1 billion through a special-purpose vehicle to accumulate XRP, reinforcing its ongoing efforts to expand blockchain usage despite market uncertainties.

XRP

Fact Check
The statement is strongly confirmed by multiple primary sources. A press release issued by Ripple on Business Wire (Source 5) and a separate divestment announcement from GTreasury's investor, Hg (Source 8), both explicitly state that Ripple is acquiring GTreasury. The Ripple press release also confirms the $1 billion valuation of the deal.
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Summary

Ripple Labs is reportedly raising $1 billion through a special-purpose vehicle (SPAC) to accumulate XRP, despite recent market volatility. The funds will be held within a new digital-asset treasury structure. The plan comes as Ripple also acquires GTreasury, a corporate treasury software provider, in a $1 billion deal aimed at enhancing blockchain-driven corporate treasury solutions. The fundraise is one of the largest associated with XRP, which has a market capitalization of approximately $138 billion.

Terms & Concepts
  • XRP: A digital currency used for real-time global payments and remittances, often associated with the Ripple network and designed to facilitate fast, low-cost transactions.
  • Special-Purpose Vehicle (SPAC): A company formed for the purpose of raising capital through an initial public offering (IPO) to acquire or merge with an existing business.
  • Digital-Asset Treasury (DAT): A financial structure designed to manage digital asset holdings, providing transparency, stability, and strategic management of assets such as cryptocurrencies.