Ripple Strengthens Institutional Custody Capabilities with Acquisition of Palisade
Ripple, a leading financial technology company specializing in enterprise crypto solutions, today announced its acquisition of Palisade, a digital asset wallet and custody technology provider. The acquisition marks a significant step forward in Ripple’s mission to deliver a comprehensive digital asset custody solution for financial institutions, fintechs, corporates, and crypto-native organizations.
The integration of Palisade’s advanced custody and wallet infrastructure will allow Ripple to expand its Ripple Custody offering, delivering secure, scalable, and easily deployable solutions tailored to the evolving needs of institutional clients in the crypto economy.
Expanding Ripple’s Institutional Footprint
Ripple Custody is built to meet the stringent requirements of banks and regulated financial institutions that need to safeguard digital assets such as cryptocurrencies, stablecoins, and real-world assets (RWAs). The addition of Palisade’s “wallet-as-a-service” technology enhances Ripple’s ability to serve a wider array of use cases, from high-frequency trading and on/off-ramping to treasury management and global payments.
Palisade’s architecture enables secure, fast, and scalable value transfers while maintaining seamless integration for enterprise clients. This makes it ideal for organizations looking to participate in blockchain-based ecosystems without compromising on security, speed, or compliance.
“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 strategy,” said Monica Long, President of Ripple. “Corporates are poised to drive the next massive wave of crypto adoption. Just as we’ve seen major banks move from observation to active participation in the space, corporations are now entering the market and need trusted, licensed partners with scalable, out-of-the-box capabilities. The combination of Ripple’s bank-grade vault and Palisade’s fast, lightweight wallet makes Ripple Custody the go-to end-to-end provider for every institutional need — from long-term storage to real-time global payments and treasury operations.”
Trusted by Leading Global Institutions
Ripple Custody is already trusted by some of the world’s top-tier financial institutions, including Absa Bank, BBVA, DBS, and Societe Generale – FORGE. The platform functions as a secure institutional vault, providing cryptographic approval processes, tamper-proof audit trails, and comprehensive asset management tools designed to meet regulatory and compliance standards.
Institutions benefit from features that include multi-vault management, allowing for complete visibility and control across digital asset holdings, trading venues, and counterparties. Ripple’s enterprise-grade infrastructure supports the highest levels of security and transparency, reflecting its commitment to global financial compliance.
Cutting-Edge Technology from Palisade
Palisade’s next-generation technology stack introduces a number of critical innovations that enhance Ripple’s custody and payments capabilities. Its lightweight wallet architecture combines advanced security protocols and governance controls, including:
- Multi-Party Computation (MPC): Splits private keys into cryptographic “shards” to eliminate single points of failure.
- Zero-Trust Architecture: Enforces continuous verification of users, devices, and network activities.
- Fast Wallet Provisioning: Enables rapid deployment of digital wallets at scale for institutional clients.
- Multi-Chain Support: Provides interoperability and asset management across multiple blockchains.
- DeFi Integration: Allows institutional clients to safely interact with decentralized finance protocols, including lending, staking, and yield-generating activities.
These capabilities will integrate directly into Ripple Payments, powering next-generation use cases that require instant liquidity and high-speed movement of funds. Palisade’s infrastructure will also support automated functions like subscription payments, on-chain collections, and sweeping funds to operational accounts, making it a cornerstone of Ripple’s transaction ecosystem.
Driving Enterprise Adoption and Compliance
Ripple continues to invest heavily in compliance and regulatory alignment as part of its enterprise strategy. The company’s custody platform is fully integrated with leading blockchain analytics and compliance providers such as Chainalysis and Elliptic, ensuring that customers can meet stringent regulatory standards worldwide.
With over a decade of industry experience and more than 75 regulatory licenses and registrations globally, Ripple stands as one of the most trusted institutions bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi).
Strategic Growth Through Acquisitions
The Palisade acquisition underscores Ripple’s ongoing commitment to strategic expansion and innovation within the digital asset ecosystem. It follows several high-profile acquisitions this year, including prime broker Hidden Road (now operating as Ripple Prime), stablecoin payments platform Rail, and treasury management provider GTreasury.
Collectively, these moves strengthen Ripple’s end-to-end offering for enterprises looking to participate in digital asset markets, manage liquidity, and build blockchain-based financial infrastructure. The company has now invested an estimated $4 billion into the crypto and fintech ecosystem through strategic mergers, acquisitions, and venture investments.
“The acquisition of Palisade reinforces Ripple’s position as a global leader in regulated digital asset infrastructure,” added Long. “As institutional adoption accelerates, Ripple is uniquely positioned to provide the secure, compliant, and scalable solutions that will drive the next chapter of financial innovation.”
