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The updated Ripple Treasury allows businesses to manage cash, payments and liquidity around the clock, the company said in its announcement Monday (Oct. 26).
“The way businesses move money is changing, and treasury needs to evolve with it,” said Renaat Ver Eecke, senior vice president of Ripple Treasury. “As AI accelerates decision-making and digital rails enable money to move around the clock, businesses need systems that can keep pace. Our vision is to bring treasury management, intelligence and execution together, giving finance teams the ability to act faster and operate continuously without adding complexity or sacrificing control.”
The release noted that the past year has seen nearly half of all organizations increasing their U.S. cash balances, providing an emerging opportunity for businesses to manage cash more productively without sacrificing their liquidity requirements.
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“One of the ways Ripple Treasury is meeting this need is the introduction of 24/7 Returns, a new capability designed to help eligible corporate customers generate returns on operating cash that would otherwise remain idle overnight, over weekends, and during holidays,” the release said.
Ripple added that its treasury customers can earn returns on qualifying digital assets held in a Ripple wallet, including the company’s RLUSD stablecoin , subject to meeting program requirements. These customers can put eligible cash to work outside traditional banking hours without needing to manage the underlying digital asset transactions.
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