Ripple, a global financial technology company known for its blockchain and crypto-based business solutions, has announced the acquisition of Palisade, a digital asset wallet and custody provider. The acquisition marks a significant step in Ripple’s mission to expand its custody capabilities and serve a broader range of customers, including fintechs, corporates, and crypto-native firms.
Ripple Custody, the company’s enterprise-grade platform, is designed to help banks and financial institutions securely manage digital assets, stablecoins, and real-world assets (RWAs). With Palisade’s integration, Ripple will enhance its ability to deliver fast, scalable, and secure “wallet-as-a-service” technology for high-frequency transaction use cases such as payments, on- and off-ramps, and treasury management.
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Monica Long, President of Ripple, emphasized the importance of secure custody in accelerating crypto adoption: “Secure digital asset custody unlocks the crypto economy and is the foundation that every blockchain-powered business stands on—that’s why it’s central to Ripple’s product strategy. Corporates are poised to drive the next massive wave of crypto adoption. Just as we’ve seen major banks move from observation to participation, corporates are now entering the market and need trusted, licensed partners with ready-to-deploy capabilities.”
By combining Ripple’s bank-grade vault with Palisade’s lightweight, high-speed wallet technology, Ripple Custody becomes a comprehensive solution for every institutional crypto need—from long-term storage to real-time payments and global treasury operations. Already trusted by top-tier financial institutions such as Absa Bank, BBVA, DBS, and Societe Generale – FORGE, Ripple Custody provides a secure vault environment with a tamper-proof audit trail and cryptographic approval process, ideal for regulatory compliance.
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Palisade’s advanced architecture strengthens Ripple’s infrastructure with Multi-Party Computation (MPC) for key security, zero-trust access verification, multi-chain asset management, DeFi integration, and rapid wallet provisioning for enterprise scalability. These capabilities enable institutions to create, deploy, and manage digital wallets efficiently while maintaining high levels of governance and security.
Additionally, Palisade’s technology will be integrated into Ripple Payments, supporting use cases that demand fast and efficient value transfer. This includes subscription payments and fund collection capabilities—provisioning wallets securely, signing transactions rapidly, and sweeping funds to operational accounts with precision.
Ripple’s acquisition of Palisade also aligns with its broader commitment to compliance and trust. The company continues to enhance its enterprise offerings through integrations with leading compliance providers like Chainalysis and Elliptic, while maintaining over 75 global regulatory licenses and registrations. With over a decade of experience, Ripple remains one of the few crypto firms capable of bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi).
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This acquisition is part of Ripple’s ongoing strategic expansion, following other high-profile acquisitions this year—including prime broker Hidden Road (Ripple Prime), stablecoin payments platform Rail, and treasury management provider GTreasury. To date, Ripple has invested approximately $4 billion in building the crypto ecosystem through mergers, acquisitions, and strategic investments.
By integrating Palisade’s innovative wallet technology, Ripple strengthens its position as a leader in digital asset infrastructure—delivering secur
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