Ripple has acquired GTreasury, a leading treasury management software provider, in a $1 billion deal that extends the company’s reach into corporate finance and cash management. 

The acquisition, announced Thursday, marks the latest step in Ripple’s expansion strategy following its earlier purchases of prime brokerage firm Hidden Road and stablecoin payments platform Rail.

GTreasury, based in Chicago, provides software that helps multinational corporations manage liquidity, payments, and risk across global operations. Ripple said combining its blockchain settlement infrastructure with GTreasury’s treasury tools will allow companies to manage digital and fiat assets in real…

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