Ripple buys Palisade as it tips corporations to drive crypto adoption
Ripple acquired crypto custody firm Palisade to integrate its wallet services and target institutional crypto adoption driven by corporations.Summary
Ripple has acquired the crypto wallet and custody company Palisade to enhance its offerings for institutions, fintechs, and corporations. The acquisition will integrate Palisade’s wallet-as-a-service into Ripple Custody and Ripple Payments, providing core infrastructure for subscription payments and high-speed use cases like crypto on/off-ramps supporting multiple blockchains and DeFi protocols. Ripple President Monica Long stated that corporations are expected to drive the next major wave of crypto adoption, necessitating trusted, licensed partners. This acquisition is part of Ripple's recent expansion spree, which has seen the company spend approximately $4 billion on acquisitions, including Hidden Road, GTreasury, and Rail, following the resolution of its legal case with the SEC.
(Source：Cointelegraph)