Ripple Acquires Palisade to Expand Institutional Digital Asset Custody Footprint

Ripple has announced the acquisition of Palisade, a digital asset wallet and custody ￰0￱ latest move expands the company’s custody capabilities beyond banks and financial institutions to a wider customer base, including fintechs, corporates, and crypto-native ￰1￱ offers a “wallet-as-a-service” product designed for high-speed transactions and rapid integration into existing ￰2￱ core features include MPC-based key sharding, zero-trust architecture, multi-chain support, rapid wallet provisioning, and DeFi ￰3￱ Deal With this acquisition, Ripple stated that it will be able to directly support use cases involving fast settlement needs, such as high-frequency payments, on/off ramps, and subscription-based billing.

Meanwhile, Palisade’s technology will directly integrate into Ripple Payments to support use cases that require mobilizing value quickly and ￰4￱ focus will be on providing the core infrastructure for subscription payments or collection ￰5￱ includes securely provisioning wallets at scale, enabling high-speed transaction signing, and sweeping funds efficiently to operational ￰6￱ an official statement, Monica Long, President of Ripple, said, “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 ￰7￱ are poised to drive the next massive wave of crypto ￰8￱ as we’ve seen major banks go from observing to actively building in crypto, corporates are now entering the market, and they need trusted, licensed partners with out-of-the-box ￰9￱ 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’s Latest M&A Wave Ripple has been strengthening its enterprise digital asset custody capabilities over the past ￰10￱ blockchain infrastructure firm has already added integrations with Chainalysis and Elliptic to offer compliance monitoring and risk analytics for institutional ￰11￱ company holds more than 75 regulatory registrations ￰12￱ deals include the purchases of prime brokerage firm Hidden Road (rebranded as Ripple Prime), stablecoin payments platform Rail, and treasury management system provider ￰13￱ also revealed it has invested around $4 billion via M&A and corporate venture activities into crypto infrastructure over time.