Ripple acquires Palisade to enhance asset custody and payment solutions

Ripple, a US-based blockchain firm, has acquired Palisade, a fintech provider specializing in scalable wallet technology for secure asset custody and seamless on/off ramps. This acquisition is intended to strengthen Ripple's institutional crypto infrastructure and payment capabilities. The integration of Palisade's technology will boost Ripple's existing Ripple Payments platform, used for global corporate transfers, and its Ripple Custody service, which provides secure storage for enterprise digital assets. This move aligns with the growing demand for institutional-grade crypto infrastructure as Ripple continues to collaborate with major financial institutions to expand its payment rails.

(Source：Crypto Briefing)