There’s a New Development at Ripple: They Announced a New Treasury Platform

GTreasury, previously acquired by Ripple, has announced a new treasury platform called Ripple Treasury.

It is the world’s first comprehensive treasury platform that combined more than 40 years of corporate taury management experience with digital asset infrastructure, according to the company.

However, the statement said that “a number of finance teams are struggling to cope with growing operational complexity – both under limited resources and outdated infrastructure,” adding that Ripple Treasury plans to change this. According to it, “The platform, backed by Ripple’s support, directs all profits directly into product innovations under the pressure of debt.”

In the past 90 days, GTreasury has reported that engineering capacity had been doubled, Solvexia — a company which specialises in reconciliation processes — and AI-powered solutions have been developed in cash forecasting, risk management and analytics fields.

Ripple Treasury will offer a structure encompassing liquidity management, reconciliation, cash forecasting, risk management, netting, and payment processes.

The platform claims to provide real-time cross-border payment infrastructure and corporate custody services, which is licensed in more than 75 regions and used by hundreds of international financial institutions on the digital asset side.

In its use cases, Ripple Treasury has argued that it provides single-screen visibility for traditional cash and digital assets, yield optimization, instant cross-border reconciliation to reduce currency costs as well as eliminating the need for upfront financing. In addition, the platform is said to provide a ready-to-use infrastructure for future use cases like tokenization and programmable payments.

*This is not investment advice.

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