Ripple is expanding its institutional custody business with the acquisition of Palisade, a company that provides secure digital asset wallet infrastructure. Financial details of the deal were not disclosed.
The acquisition strengthens Ripple’s custody offering for banks, fintechs, corporates, and crypto-native firms managing digital assets, stablecoins, and tokenised real-world assets.
Palisade’s wallet-as-a-service model supports high-frequency transactions, payments, and multi-chain operations.
Ripple said Palisade’s architecture combines governance and security features such as multi-party computation, zero-trust design, and DeFi integration.
The technology will be built into Ripple Payments to support fast, secure transactions, including subscription payments and fund collections.
Ripple Custody, already used by institutions such as DBS, Absa Bank, BBVA, and Societe Generale’s FORGE, acts as a secure vault for institutional crypto assets.
It offers a tamper-proof audit trail, cryptographic approvals, and integrations with compliance providers Chainalysis and Elliptic.
With more than 75 regulatory licenses and registrations globally, Ripple said it is positioned to bridge traditional and decentralised finance.
The deal follows Ripple’s recent expansion in digital asset infrastructure, including acquisitions of prime broker Hidden Road (now Ripple Prime), stablecoin payments platform Rail, and treasury management provider GTreasury.
Ripple said it has invested about US$4 billion in the crypto ecosystem through acquisitions and strategic investments.
“Corporates are poised to drive the next massive wave of crypto adoption. Just 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 capabilities.
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.”
said Monica Long, President of Ripple.
Featured image: Edited by Fintech News Singapore, based on image by Freepik
