Ripple News: Acquires Crypto Wallet Firm to Expand Institutional Payments Business

Blockchain firm Ripple has acquired crypto wallet provider Palisade to enhance its institutional custody and payments offerings. Palisade's wallet-as-a-service platform, which supports multiple blockchains and DeFi protocols, will be integrated into Ripple Custody, a product aimed at banks and corporations handling digital assets and tokenized assets. According to Ripple President Monica Long, the acquisition provides the technical capability to serve fast-moving clients, such as fintechs needing instant wallet creation and corporates managing global treasury operations. This move aligns with Ripple's broader strategy to build a crypto-native alternative to traditional financial infrastructure. The acquisition follows several other strategic purchases by Ripple this year, including Metaco, Hidden Road, Rail, and GTreasury.

(Source：CoinDesk)