Ripple announced today the acquisition of digital asset wallet and custody firm Palisade, marking another major step in its ongoing expansion into institutional crypto infrastructure.
The deal significantly broadens Ripple’s custody capabilities, allowing it to serve a wider range of clients, including fintechs, crypto-native firms, and corporates.
The newly combined offering, branded as Ripple Custody, is designed for banks and financial institutions that require secure solutions for managing digital assets, stablecoins, and real-world assets (RWAs).
Palisade’s “wallet-as-a-service” platform offers fast, scalable, and secure wallet technology tailored for high-frequency transactions, on- and off-ramps, and real-time payments.
The integration will enhance Ripple’s ability to provide end-to-end digital asset management, from long-term institutional vaulting to instant value transfer.
“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.
“Corporations are now entering the market, and they need trusted, licensed partners with out-of-the-box capabilities. The combination of Ripple’s bank-grade vault and Palisade’s lightweight wallet makes Ripple Custody the complete institutional solution.”
Ripple Custody is already trusted by major global banks, including Absa, BBVA, DBS, and Societe Generale–FORGE. It provides a tamper-proof audit trail, cryptographic approval flows, and support for multiple vaults across digital asset venues.
Palisade’s technology adds Multi-Party Computation (MPC) security, zero-trust architecture, multi-chain support, and DeFi integration, enhancing governance and flexibility.
It will also integrate directly into Ripple Payments, enabling scalable wallet provisioning and rapid fund movements for subscription or treasury use cases.
With over 75 regulatory licenses worldwide, Ripple continues to strengthen its position as a bridge between traditional and decentralized finance.
The acquisition follows Ripple’s recent purchases of Hidden Road (Ripple Prime), Rail, and GTreasury, bringing total strategic investments to nearly $4 billion across the digital asset ecosystem.