Ripple acquires Solvexia: Strengthening the bridge between TradFi and crypto, XRP and RLUSD become core

GateNews
XRP3,66%

Ripple announced in early 2026 that its subsidiary financial management company GTreasury has acquired Solvexia. This move marks Ripple’s further push to seamlessly connect traditional finance with the cryptocurrency market. Solvexia is a leader in the no-code financial automation space, focusing on automating reconciliation and regulatory reporting. The acquisition will provide GTreasury with powerful financial management solutions, further consolidating Ripple’s position in the digital asset infrastructure sector.

This acquisition combines GTreasury’s financial management platform with Solvexia’s automation technology, greatly improving the efficiency of financial processing. Solvexia’s solutions reduce manual reconciliation processes from several days to just a few minutes, while also lowering error rates and audit risks, helping enterprises enhance operational transparency and reduce potential compliance and financial risks.

Renaat Ver Eecke, CEO of GTreasury, stated that automation technology can achieve near-perfect accuracy and complete transparency, avoiding fraud and information disclosure risks associated with traditional manual processes. This acquisition helps GTreasury provide frictionless, borderless financial solutions, further promoting the integration of corporate fund management and digital assets.

Through this acquisition, Ripple continues to expand its presence in the financial sector. In October last year, Ripple acquired GTreasury for $1 billion to enter the enterprise fund management market. This latest acquisition further enhances Ripple’s competitiveness in digital asset infrastructure and compliance. Ripple aims to offer comprehensive digital asset services—including custody, liquidity, payments, and real-time settlement—within a unified environment through platforms like GTreasury, Rail, Palisade, and Ripple Prime.

XRP’s performance following the acquisition announcement also attracted attention. Its price increased by nearly 30% over the past week, but currently, some profit-taking has occurred, and the price has fallen back to $2.28. Although 24-hour trading volume has decreased, the market remains focused on XRP’s subsequent trajectory, with open interest in futures contracts on major exchanges showing varied performance.

This acquisition not only brings more financial infrastructure to Ripple but also marks a solid step forward in promoting the integration of cryptocurrencies with traditional finance, especially in strengthening compliance and regulatory frameworks.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Ripple CTO Pushes Back on Claims About XRP Funding Model

David Schwartz defends Ripple's XRP sales against criticism, arguing they provide liquidity and benefit long-term investors. The debate highlights concerns over corporate growth versus retail holder interests, revealing divisions within the XRP community on transparency and market impact.

Coinfomania50m ago

Ripple Set to Buy Back $750M in Shares Despite XRP Price Decline

Ripple plans to buy back up to $750 million in shares from investors and employees by the end of next month, insiders have revealed. The buybacks would value the company at $50 billion, and come six months after a similar plan to buy back $1 billion in shares from employees failed. Ripple

CryptoNewsFlash1h ago

XRP Price Breaks Through Key Resistance Level to $1.48, Trading Volume Surges Over 250%

On March 16, XRP price broke through the consolidation zone, rising rapidly from approximately $1.41 to $1.4798, with trading volume increasing over 250%. The current price is stabilizing above $1.4550, and technical analysis shows the next resistance level at $1.48 to $1.50. On-chain activity is also growing, indicating improved market sentiment and increased activity. Key support levels are at $1.43 to $1.44.

GateNews2h ago

XRP Trading Volumes Fall 58% in 24 Hours, Despite Which the Altcoin Price Continues to Rise

XRP trading volumes fall 58% in 24 hours. Despite this, the altcoin price continues to rise at a steady pace.  This bodes well for the likelihood of a possible XRP pump. The previous few days have led to what looks to be a steady recovery phase for the crypto market. Presently, the price

CryptoNewsLand2h ago

A Certain CEX's 24-Hour Trading Volume Reaches $1.369 Billion, XRP, BTC, ETH Rank in Top Three

According to CoinGecko data, on March 16, a certain CEX's trading volume reached $1.369 billion, up 72.28% from the previous day. The top five tokens by trading volume are XRP, BTC, ETH, TRUMP, and DKA.

GateNews2h ago
Comment
0/400
No comments