Ripple’s crypto investments hit $4 billion with acquisition of wallet tech firm Palisade

Ripple has continued its acquisition streak by taking over custody and wallet technology firm Palisade. This move contributes to Ripple's total investment of approximately $4 billion into the crypto ecosystem through investments, mergers, and acquisitions this year, following major purchases like Hidden Road for $1.25 billion and GTreasury for $1 billion. The acquisition of Palisade aims to expand Ripple's custody capabilities for fintechs, crypto-native firms, and corporates by combining Ripple's vault with Palisade's lightweight wallet technology, which utilizes multi-party computation (MPC). Ripple President Monica Long stated this combination positions Ripple Custody as an end-to-end provider for institutional needs, from long-term storage to global payments and treasury management. Palisade's technology offers flexible API integration for MPC wallets and institutional-grade custody, and while Ripple is known for XRP, Palisade also has deep integrations with Solana and Ethereum.

(Source：The Block)