Ripple acquires crypto wallet and custody firm Palisade

Ripple is amplifying its commitment to digital asset infrastructure through a recent strategic acquisition aimed at enhancing its institutional service offerings.

In a significant strategic maneuver, Ripple has acquired Palisade, a leading provider of digital asset wallet and custody solutions, aiming to bolster its institutional offerings.

According to a press release issued on November 3, this acquisition will enhance Ripple’s custody infrastructure, allowing it to serve a wide range of fintech companies, corporations, and crypto-native enterprises that seek robust, secure solutions for digital asset storage and transaction management.

Enhancing Ripple’s Custody and Payment Capabilities

The integration of Palisade’s “wallet-as-a-service” offering into Ripple’s expanding arsenal of enterprise tools is a game-changer. Palisade’s platform leverages multi-party computation, zero-trust principles, and cross-chain support, enabling swift and secure transactions across multiple networks, including XRP Ledger, Ethereum, and Solana.

Through the assimilation of Palisade’s advanced technologies, Ripple Custody and Ripple Payments will be significantly strengthened, allowing clients to execute everything from instantaneous settlements to high-frequency treasury operations within a single comprehensive system.

This integrated approach facilitates numerous applications like corporate on-ramps and off-ramps as well as subscription-based payment systems, all while ensuring compliance and audit integrity.

A Period of Dynamic Growth for Ripple

This acquisition contributes to Ripple’s rapid expansion strategy, which has included a series of notable acquisitions and product launches throughout 2025. Just recently, Ripple introduced Ripple Prime, a digital asset prime brokerage in the U.S., developed from its $1.25 billion acquisition of Hidden Road. This was closely followed by the $1 billion purchase of treasury software provider GTreasury, integrating crypto settlement processes with traditional financial systems.

Monica Long, President of Ripple, emphasized that “secure digital asset custody unlocks the crypto economy,” highlighting the growing demand among corporates and financial institutions for reliable “bank-grade” partners as they navigate the crypto landscape. Ripple Custody has already earned the trust of several esteemed institutions, including DBS, Societe Generale–FORGE, BBVA, and Absa Bank.

With more than 75 regulatory licenses globally, Ripple is solidifying its position as a conduit between traditional finance and decentralized platforms. The Palisade acquisition further fortifies this objective by merging Ripple’s robust infrastructure with Palisade’s wallet technology, offering comprehensive support for both custody and timely payment solutions.