Ripple’s extremely impressive mega-purchases streak continued on Monday with the company acquiring crypto wallet technology firm Palisade to boost real-time custody and payments for crypto-native firms, financial technology companies, and other corporates.
Ripple didn’t disclose the financial terms of its Palisade acquisition.
Palisade’s wallet-as-a-service (WaaS) product, which offers features like multi-party computation (MPC) and multi-blockchain support, will integrate directly into Ripple Custody — Ripple’s crypto custody arm targeting banks.
Palisade’s wallet offering will also be integrated into Ripple Payments — the company’s cross-border payments service — and will “provide the core infrastructure for subscription payments or collection capabilities.”
“Corporates are poised to drive the next massive wave of crypto adoption,” said Ripple President Monica Long in a statement. “The combination of Ripple’s bank-grade vault and Palisade’s fast, lightweight wallet makes Ripple Custody the end-to-end provider for every institutional need, from long-term storage to real-time global payments and treasury management.”
Ripple Has Shelled $4 Billion On Acquisitions
Ripple has acquired multiple firms so far in 2025, following the U.S. Securities and Exchange Commission’s dismissal of its long-running lawsuit against the company over the XRP cryptocurrency. The San Francisco-based firm revealed Monday that it has invested “approximately $4 billion into the crypto ecosystem” via investments, mergers, and acquisitions.
Ripple purchased prime broker Hidden Road (rebranded to Ripple Prime) for $1.25 billion in April. Ripple said earlier on Monday that its US institutional clients would have access to over-the-counter (OTC) transactions of multiple cryptocurrencies, including XRP and the RLUSD stablecoin, thanks to the Hidden Road deal, which was finalized last month.
Ripple also took over the stablecoin payments platform Rail in August, in a $200 million deal that is expected to close in the fourth quarter of this year. Last month, the company acquired GTreasury for $1 billion in an effort to cash in on the multi-trillion-dollar corporate treasury market.
Source: https://zycrypto.com/ripple-acquires-wallet-tech-firm-palisade-to-enhance-its-institutional-custody-and-payments-business/
