In a recent post on X on Thursday, October 16th, pro-crypto lawyer John Deaton reacted to Ripple’s recent efforts in the corporate finance space following its latest acquisition.
Earlier in the day, Ripple CEO Brad Garlinghouse announced that the San Francisco-based blockchain company had made a spectacular acquisition of GTreasury for $1.25 billion, sparking discussion and excitement across the XRP community.
According to the announcement, the acquisition aims to integrate Ripple's blockchain capabilities with GTreasury's global cash management infrastructure. In particular, this will enable CFOs around the world to more efficiently manage stablecoins, tokenized deposits, and idle capital through decentralized finance solutions.
Ripple continues to make aggressive acquisitions
Ripple's future plans remain unclear, but a cryptocurrency lawyer believes the company is far from ending its aggressive acquisition spree after securing seven major companies.
To support his prediction, Deaton highlighted Ripple's acquisition spree over the past few years as it continues to expand into multiple countries.
Deaton pointed to similar power moves made by Ripple to strengthen its position across payments, custody, and stablecoin infrastructure, positioning related cryptocurrencies XRP and the RLUSD stablecoin for broader adoption.
Ripple has acquired:
The $1.25 Billion Hidden Path: Prime Brokerage/Clearing/Multi-Asset Infrastructure.
$200 Million Railroad: Ripple Powers Up Stablecoin Infrastructure Payments – Adds Virtual Accounts and Automated Backends to Strengthen Competitiveness in Stablecoinbase… https://t.co/AaD7mVIZmP
— John E. Deaton (@johnedeon1) October 16
As Deaton noted, among Ripple's major acquisitions over the years is Algrim, a market-making, trading and liquidity engineering firm. Fortress Trust, regulatory and licensing infrastructure provider. Standard Custody & Trust Company is a regulated trust and custody backbone for stablecoin reserves.
Recent acquisitions include Metaco, an institutional cryptocurrency custody and tokenization services provider, and Rail, a stablecoin infrastructure and backend automation enhancement company, for $250 million and $200 million, respectively. Additionally, Ripple also acquired Hidden Road, a prime brokerage, clearing, and multi-asset infrastructure company, for a record $1.25 billion.
The move sparked excitement across the XRP community, but there is growing speculation that Ripple is seeking to dominate not only the cryptocurrency's native payments, but also the broader financial infrastructure ecosystem.
