Ripple on Monday announced the acquisition of custody and wallet technology company Palisade, in a move aimed at expanding its "custody capabilities" for fintech companies, crypto-native businesses and large enterprises. Ripple has invested around $4 billion this year through a number of mergers and acquisitions, including buying deal broker Hidden Road for $1.25 billion in April, stablecoin platform Rail for $200 million, and corporate financial management platform GTreasury for $1 billion last month.
Ripple said that Palisade's fast and lightweight wallet, combined with its bank-grade vault, will create end-to-end institutional-grade custody services, covering long-term asset storage, real-time global payments, and corporate financial management.
Ripple Acquires Custody and Wallet Technology Company Palisade
2025-11-03 22:50:08
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