Ripple has launched the first treasury management system supporting native digital assets like XRP and its stablecoin RLUSD. The new platform, built on the recently acquired GTreasury, allows corporations to manage crypto and fiat assets in a unified system. Despite this institutional push, XRP’s price declined 5% to $1.28, mirroring broader market trends as spot ETF outflows continued.
Ripple unveiled a new treasury management system, or TMS, that supports native digital assets. The system allows firms to send and receive XRP and Ripple‘s stablecoin RLUSD through digital asset accounts.
A unified treasury feature lets companies view and manage both fiat and crypto assets. This platform runs on top of Ripple‘s GTreasury, which was acquired last October for $1 billion.
The acquisition brought a platform used by many Fortune 500 companies for traditional cash management. The integration aims to help firms manage digital assets with familiar audit trails.
Ripple also plans to integrate its global payment network with Ripple Treasury. Renaat Ver Eecke, SVP of Ripple Treasury, stated this would allow corporations to earn yield on idle balances.
CEO Brad Garlinghouse called the integrated treasury the “secret sauce” for reducing institutional adoption friction. He noted that Ripple Treasury facilitated $13 trillion in payments for customers last year.
Despite the bullish update, XRP’s price dropped 5% to $1.28, following Bitcoin‘s decline to $65,000. Spot XRP ETFs saw $31 million in net outflows in March and another $1.32 million so far in April.
On-chain data indicates whales became net buyers of XRP in March. The data suggests large investors have been accumulating, which could aid recovery if general market sentiment improves.
