Ripple Acquires Palisade to Enhance Institutional Custody and Payments
- Ripple has acquired crypto wallet provider Palisade to expand its wallet offerings for institutional clients.
- Palisade’s platform will be integrated into Ripple Custody, aimed at banks and corporates managing digital assets, stablecoins, and tokenized assets.
- The acquisition enhances Ripple’s capabilities in high-speed payment flows and supports interactions with DeFi protocols.
- Ripple now holds over 75 regulatory licenses worldwide and collaborates with major banks like BBVA and DBS.
- This follows Ripple’s recent acquisitions, including Swiss custody firm Metaco for enhanced asset management solutions.
The acquisition of Palisade is part of Ripple’s strategy to build a crypto-native alternative to traditional financial systems, focusing on cross-border payments and liquidity management.
With this move, Ripple aims to better serve fintechs requiring instant wallet creation for new users, complementing its growing stablecoin payment services this year.
