Ripple Makes Another Key Acquisition While XRP Extends 15% Weekly Slide

Ripple has acquired Palisade, a digital asset custody platform, to strengthen its custody services for financial institutions, corporates, and crypto-native firms by integrating Palisade's wallet-as-a-service technology with Ripple Custody and Ripple Payments. Ripple President Monica Long emphasized that secure custody is central to their product strategy, noting the integration will offer end-to-end institutional custody solutions. This acquisition follows other major deals this year, including the $1.25 billion acquisition of Hidden Road (rebranded as Ripple Prime) and the $1 billion acquisition of GTreasury. Despite Ripple's significant investment of around $4 billion in the crypto ecosystem through M&A, the XRP token has continued to face market volatility, extending its weekly decline to nearly 15% while trading at $2.27.

(Source：BeInCrypto)