Ripple CEO Brad Garlinghouse has defined why the corporate has spent almost $3 billion on acquisitions since 2023.
In accordance with him, Ripple needs to attach conventional finance with decentralized finance, utilizing these offers to construct higher hyperlinks between the monetary system and the crypto trade.
Key Factors
- Ripple has accomplished six acquisitions since 2023 with disclosed values totaling about $2.7 billion.
- Main offers embody Metaco for $250 million, Hidden Highway for $1.25 billion, and GTreasury for $1 billion.
- Ripple CEO Brad Garlinghouse just lately confirmed that the corporate went on this acquisition spree to attach TradFi with DeFi.
- Garlinghouse stated GTreasury, now known as Ripple Treasury, dealt with about $13 trillion in funds final 12 months, but none of these transactions used crypto or stablecoins.
- He added that greater than 1,000 company prospects use GTreasury’s expertise, and plenty of CFOs and CEOs now need to use crypto instruments.
- Ripple plans to gradual acquisitions within the close to time period, deal with integration within the first half of the 12 months, and construct on two main offers which have already carried out forward of forecast.
Ripple’s Acquisition Spree
For context, since 2023, Ripple has accomplished six acquisitions with disclosed values totaling about $2.7 billion. When the corporate provides undisclosed offers and strategic partnerships, estimates put the determine above $4 billion.
Particularly, Ripple purchased Metaco, a crypto custody agency, in Might 2023 for $250 million. A 12 months later, in June 2024, the corporate acquired Normal Custody, a regulated belief firm. Nonetheless, it selected to not reveal the worth.
In the meantime, in April 2025, Ripple introduced its $1.25 billion buy of Hidden Highway, a primary brokerage agency. Then 4 months later, the corporate acquired Rail, a stablecoin funds platform, for $200 million.
Ripple adopted this take care of the acquisition of GTreasury, a treasury administration supplier, final October for $1 billion. Shortly after, in November 2025, Ripple acquired Palisade, a pockets expertise agency, however didn’t disclose the acquisition worth.
Ripple Goals to Construct Bridges Between TradFi and DeFi
Garlinghouse just lately mentioned these purchases throughout an interview on FOX Enterprise with Maria Bartiromo. Notably, Bartiromo identified that Ripple had spent about $3 billion on acquisitions since 2023, shifting into custody, prime brokerage, treasury administration, and stablecoin funds.
She requested the Ripple CEO how his agency plans to maintain scaling and nudged him to debate the place the corporate plans to go subsequent with all these companies now underneath its management.
In response, Garlinghouse confirmed that Ripple has targeted on constructing bridges between conventional finance and decentralized finance, or crypto. He defined that these bridges signify the first intent of the corporate’s acquisition spree. Primarily, Ripple seeks to attach TradFi with DeFi.
GTreasury Deal to Convey Crypto into Treasury Administration
Garlinghouse shared an instance with the GTreasury acquisition. He stated Ripple acquired GTreasury, a treasury administration providers enterprise that now operates as Ripple Treasury. In accordance with him, GTreasury dealt with about $13 trillion in funds final 12 months. Nonetheless, none of these funds used crypto or stablecoins.
He pressured that GTreasury had zero crypto-enabled funds and 0 stablecoin-enabled funds, although greater than a thousand company prospects depend on its expertise. He stated company treasurers, CFOs, and even CEOs now push for tactics to use new expertise to enhance their programs.
Garlinghouse defined that Ripple now has a powerful set of options that may introduce crypto to these prospects. At this level, no overlap exists between Ripple’s crypto merchandise and what GTreasury beforehand provided. He stated Ripple now works to deliver these two areas collectively.
Ripple Plans to Gradual Down on Acquisitions
Bartiromo then requested whether or not Ripple plans to make extra acquisitions to maintain scaling. Garlinghouse answered that Ripple purchased two giant firms final 12 months, so the corporate will deal with integration through the first half of this 12 months as an alternative of speeding into extra offers.
He shared that he had visited Chicago the day earlier than, the place GTreasury has its headquarters. The Ripple CEO confirmed that he feels excited in regards to the path his firm sees.
He additionally acknowledged that each of the current acquisitions have carried out much better than the corporate anticipated when it accomplished the offers. For now, Garlinghouse stated Ripple will decelerate for a second, deal with integrating its current purchases, after which velocity up once more later.
