Ripple's Corporate Holdings Surpass Projections, Says Flagship US Carrier
American Airlines, one of the largest airlines globally, confirms that its use of Ripple Treasury has yielded better results than expected.
For context, the airline combined all treasury operations into a single platform, which improved efficiency and allowed its team to focus more on other financial work, and less on routine processes.
Key Points
American Airlines has confirmed that its use of Ripple Treasury has delivered better results than expected.
The airline adopted Ripple Treasury (formerly GTreasury) even before Ripple’s acquisition last year.
With Ripple Treasury, American Airlines replaced disconnected systems and bank portals with a unified treasury solution.
Ripple Treasury connects to about 13,000 banks globally and integrates with firms like Goldman Sachs and JPMorgan.
American Airlines Endorses Ripple Treasury
The XRP community recently highlighted the remarks from American Airlines, a client of Ripple’s treasury platform, which noted how the solution has delivered beyond initial expectations.
The airline uses Ripple Treasury as part of its financial operations, and its internal leadership has openly acknowledged the system’s impact.
Ryan Millard, who serves as Director of Global Banking and Treasury Services at American Airlines, explained that the company has improved its treasury technology infrastructure through Ripple Treasury.
He noted that combining all treasury management activities into a single system has delivered better results than what the team initially expected and has allowed staff to pay more attention to other priorities instead of routine operational tasks.
Relationship Between American Airlines and Ripple Treasury
American Airlines maintains a client relationship with Ripple Treasury, which previously operated as GTreasury before Ripple acquired it for $1 billion in October 2025. This acquisition marked Ripple’s move into the multi-trillion-dollar corporate treasury market.
The airline appears as a featured customer success story on Ripple Treasury’s official platform. The partnership involves upgrading treasury operations, especially for managing the airline’s global fleet and financial workflows.
American Airlines on Ripple Treasury Success Story
Before the acquisition, American Airlines already used GTreasury’s platform. On May 1, 2025, the company earned recognition as a finalist in the Technology Excellence category at Treasury & Risk magazine’s 29th annual Alexander Hamilton Awards.
American Airlines has continued using the platform and expanded its adoption following Ripple’s acquisition in October 2025, with the recent comments from Millard confirming the company’s satisfaction with the platform.
Issues Faced by American Airlines
American Airlines operates flights to more than 350 destinations in over 60 countries, which creates difficult treasury needs. The airline manages a large fleet with many maintenance partners, each with different contracts, assets, and terms.
In the past, the company dealt with rigid software, heavy use of spreadsheets, and separate bank portals. These issues caused repeated work, limited growth, and reduced control.
They also created risks such as dependence on key staff, audit concerns, foreign exchange exposure, and limited visibility into cash and capital positions.
How Ripple Treasury Provided a Solution
To address these issues, Ripple Treasury worked with American Airlines to build a solution using its Collateral Management System. The platform introduced a flexible fleet database that allowed the airline to track and manage contracts, assets, and operational details in one place.
This replaced disconnected systems and provided real-time visibility. American Airlines also added tools for cash management and forecasting, bank account management, debt tracking, letter-of-credit handling, short-term investments, and foreign exchange risk management.
The airline reported massive improvements after adopting the platform. Specifically, global cash visibility rose from about 65% to 99%, while automated accounting tasks increased from roughly 50% to 90%. Also, automation freed up as much as 20% of treasury staff time and gave teams more room to focus on higher-level work.
Notably, besides American Airlines, Ripple Treasury connects to around 13,000 banks worldwide and works with platforms such as Goldman Sachs’ Mosaic system, which supports trading across more than 200 money market funds, as well as JPMorgan for real-time cash tracking through APIs.