Ripple has announced its acquisition of Palisade, a leading digital asset wallet and custody provider, as part of its accelerated expansion into institutional cryptocurrency services.
This acquisition strengthens Ripple’s institutional-grade crypto infrastructure, enhancing its custody capabilities, wallet-as-a-service (WaaS) solutions, and enterprise-ready payment systems.
It added that the new tools are designed to support “high-speed use cases,” including crypto-to-fiat on- and off-ramps capable of operating across multiple blockchains and integrating with decentralized finance (DeFi) protocols.
According to Ripple President Monica Long, “Corporates are poised to drive the next massive wave of crypto adoption … They need trusted, licensed partners with out-of-the-box capabilities.”
The deal follows several major acquisitions this year by Ripple, pushing total investment in strategic M&A to around $4 billion in 2025.
For corporations looking to integrate digital assets, the move from Ripple could reduce friction — they gain a partner with vault-level security, wallet functionality and global payments infrastructure all in one.
