Ripple’s Big Bet on Custody: Acquires UK Wallet & Vault Firm Palisade
Ripple has acquired UK-based custody provider Palisade to expand its institutional offerings into multi-chain wallet technology and treasury tools.Summary
Ripple has acquired Palisade, a UK-based wallet and custody provider registered as a Digital Asset Service Provider (DASP) with France’s Autorité des Marchés Financiers (AMF). This acquisition, Ripple's fourth of 2025, signals a strategic shift beyond cross-border payments into core enterprise crypto infrastructure, including multi-chain custody, wallet provisioning, and treasury tools.
Palisade utilizes multi-party computation (MPC) technology and supports blockchains like the XRP Ledger, Ethereum, and Solana. The DASP registration in France significantly bolsters Ripple's regulatory standing within the EU's evolving MiCA framework. While the financial terms were undisclosed, the move targets the growing institutional demand for secure on-chain treasury and settlement tools. The success of this integration hinges on Ripple's ability to rapidly merge Palisade's wallet-as-a-service model with its existing custody stack and secure enterprise adoption.
(Source：Brave New Coin)