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Ripple Brings Blockchain Efficiency to Corporate Finance Operations
Key Takeaways
- Ripple launched a treasury platform that merges GTreasury software with blockchain tools to manage company funds in one place;
- The system shortens settlement times and improves visibility across accounts;
- Treasurers can earn returns on idle funds during off-hours while following company risk and investment policies.
Ripple is stepping further into business finance with a new tool for managing company funds.
The platform combines standard treasury software with blockchain technology to help companies handle cash, payments, and liquidity in one place.
In a January 27 blog post, Ripple said the system links GTreasury’s cash-management tools with Ripple’s blockchain network and stablecoin rails.
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This setup lets businesses manage money through a single platform without changing their current approval steps or accounting processes.
The new system aims to solve common problems for finance teams, such as long settlement times and poor visibility across accounts. By using blockchain infrastructure, Ripple says transactions can settle much faster, and cross-border payments become smoother.
The platform also offers options to earn returns on idle funds outside regular banking hours. Treasurers can put unused cash to work while staying within company risk and investment policies.
During a January 28 presentation, GTreasury CEO Renaat Ver Eecke explained, "There’s a huge amount of cash sitting with our corporate clients that doesn’t move nights and weekends. If settlement times shrink to minutes, that non-active cash can start to work for you".
Ripple says stablecoins will be used to make international transfers faster and more predictable.
Recently, Ripple received approval to act as an Electronic Money Institution and to register under the Money Laundering Regulations in the UK. What did the company say? Read the full story.