Ripple has launched a new platform for corporate treasury management called "Ripple Treasury", in a move that strengthens Ripple's expansion within the digital financial services sector by integrating traditional cash management with digital assets in a single blockchain-based system. Ripple confirms that the platform aims to simplify treasury operations, expedite cross-border payments, and enhance liquidity management for companies.
Ripple clarified in an official statement that the new platform combines the enterprise GTreasury software with its own infrastructure, marking the first major integration since Ripple acquired the American company for one billion dollars last October. Ripple sees this integration as a qualitative leap in corporate treasury management and reflects its expansion strategy. #GTreasury
According to what Ripple announced, the platform is capable of executing cross-border settlements within three to five seconds using the stablecoin RLUSD, compared to traditional settlement cycles that take several business days, which gives Ripple a competitive edge in the rapidly evolving global payments market. Ripple also provides a unified interface for managing fiat currencies and digital assets through direct integrations with APIs, rather than relying on traditional manual processes. $XRP
Ripple confirmed that "Ripple Trigery" is designed to address key operational challenges, such as settlement delays, lack of transparency in cross-border payments, and fragmentation of financial systems, noting that Ripple plans to expand short-term investment services and connect clients to liquidity markets through its strategic partners.
In terms of transactions, the price of the digital Ripple currency rose by 2.32% over the past twenty-four hours, trading near levels of $1.92, according to data from coinmarketcap. It is noteworthy that as part of its global expansion, Ripple received regulatory approvals in the UK and Luxembourg this month, while applying for a national banking license in the United States, confirming that Ripple does not intend to go public at this time, focusing instead on acquisitions and operational growth. #RİPPLE