Ripple Announces $1B Acquisition of GTreasury

Gunderson Dettmer represented client Ripple, the leading provider of digital asset infrastructure for enterprise, in its $1 billion acquisition of GTreasury, a global leader in treasury management systems. 

This acquisition will enable Ripple to expand its reach into the corporate treasury market, delivering instant payment rails and digital asset tools that help CFOs and treasurers modernize operations.

In the announcement of the acquisition, CEO of Ripple Brad Garlinghouse said, “For too long, money has been stuck in slow, outdated payments systems and infrastructure, causing unnecessary delays, high costs, and roadblocks to entering new markets -- problems that blockchain technologies are ideally suited to solve. Ripple’s and GTreasury’s capabilities together bring the best of both worlds, so treasury and finance teams can finally put their trapped capital to work, process payments instantly, and open up new growth opportunities.”

The Gunderson deal team was co-led by M&A partners Andrew Luh and David Moore and included corporate partner Stephanie Lane, M&A counsel Matt Martinez and M&A and corporate associates Anthony Ramirez, Elizabeth Jongeward and Austin Worrell, executive compensation partners Michael Richman and Craig Olshan and associate Erik Ward, strategic transactions and licensing partner Colin Chapman and associates Cameron Jahansouz, Brittany Nicely, Julie Mahoney, Alex Lee, Yue Yang, Elizabeth Song and Janice Poon, data privacy partner Anna Westfelt and associate Frida Alim, tax partners Mark Foster and Lily Kim and associate Tina Xu and regulatory partner Greg Kinzelman.

Companies
Ripple
GTreasury