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In a recent tweet, Ripple CEO Brad Garlinghouse noted that Ripple Treasury is on a tear, facilitating $13 trillion in payments for customers last year.
Ripple made two major acquisitions over the past year, including GTreasury, which is now Ripple Treasury.
This acquisition orchestrated $13 trillion in payments for customers ranging from SMEs to Fortune 500 companies in the past year, and 0% was through stablecoin or crypto, which the Ripple CEO stated presented the opportunity for crypto integration.
In the latest development, Ripple announced the launch of Digital Asset Accounts and Unified Treasury within the Ripple Treasury, which is the first native digital asset capability embedded directly into a treasury management system.
Ripple CEO reveals secret sauce
As the first native digital asset capabilities arrive at Ripple Treasury, CEO Brad Garlinghouse highlighted this milestone in a tweet: "Ripple Treasury is on a tear—last year facilitating $13T in payments for customers. This year, with the addition of native digital asset capabilities? LFG."
Garlinghouse highlighted the push behind it, which he refers to as the "secret sauce."
The secret sauce remains simple; according to the Ripple CEO, the first is to give corporates a trusted, regulated entry point embedded in workflows they already use. The second is to remove the friction between managing different accounts (fiat or digital), with both of those now solved with Ripple Treasury.
Institutional interest in Ripple Prime is being driven by corporate boards and CFOs, who are demanding more efficient ways to move money.
In separate news and a major development for institutions trading on Ripple Prime, Ripple has extended its HyperliquidX integration to include HIP-3 symbols, allowing for institutional-grade access to on-chain perps on traditional assets like gold, silver and oil.
This week, Convera, a commercial payments firm, announced a new strategic collaboration with Ripple to offer crypto-enabled payment and treasury solutions for businesses.
Dan Burgin
U.Today Editorial Team
Vladislav Sopov
