Following its $1 billion acquisition of financial software company GTreasury last year, blockchain-based payments company Ripple launched a new enterprise product, Ripple Treasury, earlier this week, designed to help companies manage traditional cash and digital assets within a single system.
The platform allows corporate finance teams to move funds across borders using Ripple’s RLUSD stablecoin, completing payments in three to five seconds instead of the three to five business days that a bank wire typically takes.
Ripple said the system is designed to reduce idle capital and simplify liquidity management for businesses around the world.
Ripple Treasury integrates directly with enterprise finance workflows via API, pulling balances and transactions from the digital asset platform into the same dashboards used for cash, debt and short-term investments.
The idea is for companies to view crypto rails as an extension of their existing banking infrastructure, rather than a separate system that is managed manually.
In addition to payments, the platform connects users to the overnight repo market and tokenized money market funds, including BlackRock’s BUIDL. This allows companies to use excess cash to earn income around the clock, rather than keeping funds in bank accounts that are closed after business hours.
The launch marks Ripple’s first major product release since its October acquisition of Chicago-based GTreasury, a deal that brought decades of corporate finance experience to the company.
Ripple also relies on the infrastructure of prime brokerage firm Hidden Road, which it acquired last year, to provide access to short-term funding markets.