coindesk.com
Blockchain-based payments firm Ripple launched a new enterprise product, Ripple Treasury, earlier this week that's aimed at helping companies 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 for bank wires.
Ripple says the system is designed to reduce idle capital and simplify liquidity management for global firms.
Ripple Treasury integrates directly with corporate treasury workflows through APIs, pulling balances and transactions from digital asset platforms into the same dashboards used for cash, debt and short-term investments.
The idea is to let firms treat crypto rails as an extension of their existing banking infrastructure, rather than a separate system managed manually.
Beyond payments, the platform connects users to overnight repo markets and tokenized money-market funds, including BlackRock’s BUIDL. That allows companies to earn yield on excess cash around the clock, instead of parking funds in bank accounts that stop operating 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 enterprise treasury experience into 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.