In late 2025, J.P. Morgan Payments announced a partnership with GTreasury—a company Ripple acquired for $1 billion in October 2025—to implement a global netting solution for Franklin Electric.
-Key Details of the Partnership-
Purpose: The solution allows Franklin Electric to streamline its intercompany settlement obligations by offsetting internal transactions across its global offices.
Benefits: This setup reduces the total number of physical payments, lowers transaction fees, slashes foreign exchange (FX) costs, and simplifies reconciliation for the firm.
Operational Roles:
GTreasury: Handles the "smart calculations" and netting logic required to determine net settlement amounts.
J.P. Morgan: Executes the final payments and currency exchanges.
Industry Context: Owen Biglin, Managing Director at J.P. Morgan, noted the partnership's role in driving "smarter, more cost-effective cross-border payments".
-The Ripple-GTreasury Connection-
This partnership is notable because #Ripple acquired GTreasury in mid-October 2025 as part of a strategy to integrate blockchain-based payment rails into traditional corporate treasury management systems. The move aims to give corporate treasurers access to real-time liquidity and digital asset management, such as stablecoins and tokenized deposits, alongside traditional banking tools.
