At a Glance
- Ripple introduces Ripple Treasury, a unified platform for managing traditional and digital treasury functions.
- The solution promises 3-5 second settlements for cross-border transfers using RLUSD.
- It targets CFOs, treasurers, and accounting teams looking to control stablecoin usage and crypto acceptance.
- Why it matters: Businesses can now streamline treasury operations across fiat and crypto, reducing risk and improving speed.
Ripple has announced a new platform aimed at businesses that manage crypto treasuries and blockchain-based payments. The platform, called Ripple Treasury, is designed for accounting teams, treasurers, and CFOs who need full control over both traditional and digital treasury operations.
What Ripple Treasury Offers
Ripple Treasury is billed as the only single-provider solution that gives users complete control over both traditional and digital treasury operations. The platform is built on the company’s existing infrastructure and incorporates the technology acquired from GTreasury. It is intended to help firms manage everything from stablecoin usage to crypto acceptance on behalf of their companies and clients.
Key Features
- Automated FX policy rules that optimize currency conversions.
- Access to competitive forex rates through Ripple’s liquidity network.
- Real-time payment tracking enabled by blockchain technology.
- Settlement of cross-border transfers in 3-5 seconds using Ripple’s native stablecoin, RLUSD.
- Elimination of pre-funding requirements for overseas transfers.
These features allow users to settle cross-border payments while maintaining dollar value throughout the transit. By converting to local currency only at the destination, firms can compress forex-related risks from days to seconds.
The Role of RLUSD
Ripple’s native stablecoin, RLUSD, is a key component of the platform. It enables companies to settle transfers without exposing themselves to volatile cryptocurrency prices. The stablecoin keeps the dollar value stable during the transfer process. Many financial giants, such as Mastercard, are already testing RLUSD on the XRP Ledger.
Vendor-Side Advantages
From the vendor perspective, Ripple Treasury offers several operational benefits:
- Fast settlements that reduce liquidity pressure.
- Real-time visibility into payment status.
- Reduced pre-funding obligations for cross-border transactions.
- The ability to leverage Ripple’s liquidity network for competitive rates.
These advantages position Ripple Treasury as a compelling choice for firms looking to integrate crypto into their treasury workflows.
Industry Context
Businesses are increasingly accepting cryptocurrencies and establishing crypto treasuries as part of their operations. Managing these treasuries can be challenging, especially as stablecoins, tokenised securities, and blockchain-based payments become more common. Ripple Treasury seeks to simplify this landscape by providing a single platform that covers all treasury functions.
In addition to the platform launch, Ripple has recently secured a preliminary Electronic Money Institution license in Luxembourg and achieved a major regulatory victory from the UK’s FCA. These milestones reinforce the company’s commitment to regulatory compliance and expand its footprint in the global payments market.
Looking Ahead
While Ripple Treasury is still in its early stages, the platform’s focus on speed, transparency, and regulatory compliance could reshape how businesses manage their treasury operations. By bridging the gap between traditional finance and the emerging crypto ecosystem, Ripple aims to offer a comprehensive solution for firms that need to navigate both worlds.
Written by Daniel J. Whitman at News Of Los Angeles.
