Ripple has announced an expansion into corporate finance with the introduction of a new treasury platform designed to enable finance teams to manage both cash and digital assets seamlessly. This initiative, dubbed Ripple Treasury, builds on the treasury management software the company acquired in October 2025 when it purchased GTreasury for $1 billion. This strategic maneuver aims to enhance the daily functionality of Ripple’s RLUSD stablecoin while also re-evaluating the necessity of XRP within institutional payment flows.
The new treasury management system integrates into the cash workflows of thousands of Fortune 500 companies, providing Ripple with immediate access to a vast network of corporate treasurers. This launch responds to the escalating issues of fragmentation in modern corporate finance, where global cash is increasingly dispersed across various accounts and jurisdictions, and expectations for settlement speeds are moving towards near-real-time.
With interest rates rising, the cost of unutilized capital has become more pronounced, making accurate intraday cash positioning crucial for multinational corporations. The platform promises features such as real-time cash positions, automated forecasting, and comprehensive reporting that includes traditional cash, digital assets, RLUSD, and XRP holdings. Furthermore, it offers automated reconciliation and audit trails, which have traditionally hindered corporate adoption of cryptocurrency.
Ripple’s goal is to position itself as a “treasury operating system” that can route liquidity across a network of over 13,000 banks. If successful, this approach could protect Ripple from the commoditization of payments infrastructure by owning the critical interfaces where liquidity routing decisions are made.
Central to this initiative is RLUSD, Ripple’s stablecoin, which stands to gain substantially from this integration. The treasury platform incorporates RLUSD into its settlement processes, promoting it as a vital component of the treasury tool suite rather than merely a trading asset. Currently, RLUSD has a circulating supply exceeding $1.4 billion, supported by a reserve of $1.4733 billion, although its monthly transfer volume has seen a decline of approximately 16.5% in recent weeks. The effectiveness of Ripple Treasury could determine whether RLUSD becomes a staple within corporate workflows or remains primarily used for exchange liquidity.
The changes may also influence the XRP Ledger (XRPL). While on-chain data demonstrates a 33.53% increase in transfer volume recently, RLUSD is not exclusively issued on the XRPL. Currently, around 24% of RLUSD’s circulating supply exists on the XRPL, with the remaining distribution on Ethereum. This situation introduces complexities as GTreasury emphasizes its integration capabilities through direct API connections to various banks and digital banks, potentially making the platform chain-agnostic unless Ripple’s incentives push settlement towards XRPL.
For XRP holders, the implications are twofold. On one hand, Ripple Treasury enhances XRP’s presence in the reporting landscape for CFOs, who now can monitor XRP exposure alongside other financial holdings. On the flip side, corporate treasurers typically favor stablecoins for transactions due to their familiar digital nature and lower volatility, which streamlines audit processes. Should Ripple succeed in cementing RLUSD as the primary settlement asset in treasury activities, XRP’s relevance in institutional payments may diminish to scenarios where it serves as an operationally advantageous bridge asset.
Ultimately, the launch of Ripple Treasury represents a potential shift for Ripple from being perceived primarily as a payments network to a provider of financial infrastructure equipped with CFO-grade software and compliant digital currencies. This development is likely to benefit RLUSD most directly, as it is designed to imitate cash within corporate treasury operations. However, for XRP, the challenge will lie in translating its native association with Ripple’s ecosystem into tangible payment flows rather than allowing it to become a secondary option in a system that prioritizes stablecoins.
