Ripple has acquired Palisade, a digital asset wallet and custody firm, to strengthen its institutional crypto services. The deal enhances Ripple’s ability to provide secure storage and infrastructure solutions for financial institutions adopting blockchain-based assets.
Palisade’s technology offers advanced custody, compliance, and security capabilities, which Ripple plans to integrate into its expanding suite of institutional products. The acquisition aligns with Ripple’s broader strategy to position itself as a leading provider of enterprise-grade blockchain and payment solutions.
Executives said the move reflects growing institutional demand for regulated digital asset services as banks and payment firms increase exposure to tokenized assets and stablecoins.