Ripple Spent Nearly $3 Billion On Acquisitions To Link TradFi And Crypto

Reports say Ripple has spent close to $3 billion on acquisitions since 2023 as it pushes to connect traditional financial systems with crypto infrastructure. The update was shared by Brad Garlinghouse, who said the company’s recent deals are aimed at linking established finance firms with blockchain-based services.

Acquisition Strategy Since 2023

Since 2023, Ripple has completed six acquisitions with disclosed values totaling about $2.7 billion. Reports say that when undisclosed transactions and partnerships are included, estimates place the figure above $4 billion.

Among the purchases was Metaco, acquired for $250 million. The company later bought Standard Custody, though the financial terms were not made public.

In 2025, Ripple announced the acquisition of Hidden Road for $1.25 billion. It also purchased stablecoin payments platform Rail for $200 million and wallet technology provider Palisade for an undisclosed amount.

Treasury Management And Payment Flows

A major part of the strategy centers on GTreasury, which Ripple acquired for $1 billion. The company has since been rebranded as Ripple Treasury. According to Garlinghouse, GTreasury processed about $13 trillion in payments last year, yet none of those transactions involved crypto or stablecoins.

More than 1,000 corporate clients use GTreasury’s systems. Garlinghouse said many finance executives are now exploring how blockchain tools could improve settlement processes and treasury operations. Ripple plans to introduce crypto capabilities to that existing client base over time.

Focus Shifts To Integration

Garlinghouse said Ripple will slow its pace of acquisitions in the near term and focus on integrating the businesses it has already acquired. Two of the larger deals completed last year have performed ahead of internal expectations, based on reports.

The company plans to focus on aligning its custody, brokerage, treasury, and payments units during the first six months of the year. After that phase, additional expansion may be considered.

Featured image from Unsplash, chart from TradingView



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