• Ripple boosts its institutional products through the acquisition of digital wallet provider Palisade.
• Palisade technology strengthens Ripple Custody and Payments with secure and fast multi-chain transactions.
• Ripple expands its global reach and builds stronger links between traditional finance and crypto markets.

Ripple has acquired digital wallet and custody provider Palisade to expand its institutional product lineup. The deal, announced on November 3, is designed to enhance Ripple’s digital asset custody infrastructure. 

The acquisition enables Ripple to directly serve fintech firms, corporates, and crypto-native institutions that require secure asset storage and transaction tools. The company did not disclose the financial details of the deal.

Integration of Palisade’s Wallet Technology

Palisade takes its wallet-as-a-service technology to the Ripple enterprise ecosystem. The platform supports a variety of blockchains (including the XRP Ledger, Ethereum, and Solana) and combines multi-party computation and a zero-trust architecture. Through this technology combination, Ripple intends to enhance its Ripple Custody and Ripple Payments. 

This integration will allow clients to manage settlements, treasury operations, and transactions in a single infrastructure. The joint system is designed to ensure compliance and transparency and to support a wide range of use cases, such as corporate on-ramps, off-ramps, and recurring payments.

Building Momentum Through Acquisitions

The acquisition continues Ripple’s active expansion strategy in 2025. The company has made several large-scale purchases this year to reinforce its position in institutional crypto services. In October, Ripple introduced Ripple Prime, a U.S.-based prime brokerage built from its $1.25 billion acquisition of Hidden Road. 

It also completed a $1 billion deal to acquire treasury management firm GTreasury.

In the first half of the year, Ripple acquired a Canadian stablecoin system, Rail, at the price of $200 million, expanding its operations to digital payment systems. These purchases indicate that Ripple is interested in adapting crypto to conventional financial infrastructure and increasing its access to blockchain infrastructure by institutions.

Positioning as a Bridge Between Finance and Crypto

Ripple currently holds more than 75 global regulatory licenses, strengthening its role as a link between traditional finance and digital markets. Its custody service is already used by institutions such as DBS, Societe Generale–FORGE, BBVA, and Absa Bank. The integration of Palisades technology will increase the capability of Ripple to provide bank-grade custody, real-time payments, all on a single platform. 

The combination is in line with the increasing needs of corporations to have licensed partners who can deliver a secure and scalable digital asset management. The continued growth of Ripple highlights its approach to serving the institutionalization of the use of crypto technologies. The Palisade deal positions the company to deliver comprehensive custody, settlement, and payment solutions in one integrated system.