Ripple plans to acquire treasury software firm GTreasury for $1 billion, a move that deepens its push into corporate finance.

Crypto exchange Kraken is acquiring Small Exchange from IG Group in a $100 million deal, gaining the regulatory approval needed to offer crypto derivatives directly to US users.

Venture firm a16z crypto has made a $50 million strategic investment in Jito, a key infrastructure provider on the Solana blockchain. 

Top stories in the Crypto Roundup today:

• Ripple to Buy GTreasury for $1B in Push Into Corporate Cash and Risk Management
• Kraken Buys US Futures Exchange in $100M Deal to Expand Crypto Derivatives Access
• A16z crypto Invests $50M in Jito to Boost Solana’s DeFi Infrastructure

Ripple to Buy GTreasury for $1B in Push Into Corporate Cash and Risk Management

Ripple plans to acquire treasury software firm GTreasury for $1 billion, a move that deepens its push into corporate finance.

GTreasury’s platform helps large companies manage cash, foreign exchange and risk. The acquisition gives Ripple access to enterprise clients who manage billions in liquidity, often using outdated systems.

Ripple, best known for its links to the XRP Ledger and its cross-border payment network, is building a broader financial infrastructure powered by blockchain. CEO Brad Garlinghouse said the goal is to help treasuries unlock trapped capital and speed up payments.

The deal, expected to close in the coming months pending regulatory approval, is Ripple’s third major acquisition this year. 

The company also bought stablecoin platform Rail and prime brokerage firm Hidden Road.

Kraken Buys US Futures Exchange in $100M Deal to Expand Crypto Derivatives Access

Crypto exchange Kraken is acquiring Small Exchange from IG Group in a $100 million deal, gaining the regulatory approval needed to offer crypto derivatives directly to US users.

The deal includes $32.5 million in cash and $67.5 million in Payward equity, Kraken’s parent company. It gives Kraken a designated contract market (DCM) license, allowing it to list its own futures products under US oversight.

The acquisition adds to Kraken’s global expansion. In March, the firm bought NinjaTrader for $1.5 billion, gaining access to CME-listed products across crypto and traditional assets. Kraken is preparing for a potential IPO in early 2026.

A16z crypto Invests $50M in Jito to Boost Solana’s DeFi Infrastructure

Venture firm a16z crypto has made a $50 million strategic investment in Jito, a key infrastructure provider on the Solana blockchain. 

The deal was structured as a private token sale and aims to accelerate development across Jito’s growing suite of tools for decentralized finance.

Jito is best known for two core products: a validator client optimized for transaction ordering and JitoSOL, a liquid staking token with over $3.2 billion in market cap. Together, these tools help secure the Solana network and power DeFi applications that rely on fast and efficient settlement.

The investment follows the recent launch of Jito’s Block Assembly Marketplace, or BAM, a new protocol that gives validators and developers more control over how blocks are built on Solana. 

BAM is designed to increase transparency and flexibility in block production while unlocking new revenue paths for network participants.

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