Ripple has acquired wallet-as-a-service firm Palisade to expand its institutional crypto custody and payments offerings. Palisade’s infrastructure will integrate into Ripple Custody, enabling banks, corporates and fintechs to deploy secure digital asset wallets at scale and support high-frequency payment and on-/off-ramp operations.
The platform supports multiple blockchains and integrates with decentralized finance platforms, strengthening Ripple’s strategy to build a crypto-native global payments and liquidity network.
Ripple, which now holds more than 75 regulatory licenses globally and works with banks like BBVA and DBS, continues to accelerate institutional expansion. The company has deployed billions across acquisitions, including the $1.25 billion purchase of prime broker Hidden Road, Swiss custody firm Metaco, payment firm Rail and treasury platform GTreasury.
Ripple President Monica Long said the Palisade acquisition enhances the firm’s ability to serve fast-moving financial clients, including fintechs needing instant wallet setup and corporates managing global digital treasury operations.
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