Key Points:
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Ripple acquired crypto wallet firm Palisade to enhance its institutional custody and payments network, integrating it into Ripple Custody.
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The deal adds wallet-as-a-service technology for real-time, scalable deployment, targeting fintechs and global corporates.
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This marks Ripple’s fourth acquisition in 2025, following deals for Hidden Road, Rail, and GTreasury, signaling its push to become a full-stack institutional blockchain provider.
Ripple, the blockchain payments firm behind the XRP Ledger (XRP), announced Monday that it has acquired crypto wallet and custody provider Palisade, marking its fourth strategic acquisition in 2025 as it deepens its push into institutional-grade crypto payments and asset custody.
The move enhances Ripple’s ability to deliver secure, scalable, and rapidly deployable wallet infrastructure to financial institutions, fintechs, and corporate clients seeking to integrate digital assets, stablecoins, and tokenized real-world assets into their operations.
Ripple did not disclose the acquisition price, but confirmed that Palisade’s wallet-as-a-service technology will be integrated into Ripple Custody, the company’s digital asset management platform for enterprise and banking clients.
Expanding Ripple’s Institutional Payments Vision
Ripple President Monica Long said the acquisition was aimed at expanding Ripple’s ability to offer real-time, customizable wallet solutions that meet the needs of large-scale payment and treasury systems.
“Palisade offered the best set of capabilities to complement what we have built with Ripple Payments, which has been growing tremendously this year with stablecoin payment proliferation,” Long told CoinDesk in an interview.
The integration will enable Ripple to offer instant wallet creation for fintech clients, programmable custody for global corporations, and support for multi-chain transactions across public and private blockchains.
Palisade’s infrastructure is designed for high-speed, high-frequency applications, including on- and off-ramps, enterprise remittances, and DeFi integrations. Its API-driven platform lets institutions deploy wallets within seconds — a key capability for global fintech firms managing real-time payments or user onboarding.
“The acquisition of Palisade gives Ripple the technical plumbing to power the next generation of institutional payment infrastructure,” said Ryan Carden, a crypto custody analyst at Galaxy Research. “It’s another sign that Ripple is transforming from a remittance-focused blockchain firm into a full-stack enterprise finance company.”
Ripple’s Strategic Expansion: From Custody to Treasury Tech
The Palisade acquisition continues Ripple’s aggressive expansion strategy across the crypto-finance stack. It follows three major deals earlier this year:
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$1.25 billion purchase of prime brokerage firm Hidden Road (now rebranded as Ripple Prime),
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$200 million acquisition of stablecoin payment infrastructure startup Rail, and
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The takeover of GTreasury, a corporate treasury management platform integrating tokenized asset flows.
In 2023, Ripple also acquired Swiss digital asset custodian Metaco, cementing its presence in the European institutional crypto custody space. Combined, these acquisitions form the backbone of Ripple’s enterprise ecosystem, which now covers payments, custody, liquidity, and treasury operations — positioning the company as one of the few firms bridging crypto-native finance and traditional banking infrastructure.
Ripple said it now holds over 75 regulatory licenses worldwide, supporting financial institutions such as BBVA, DBS, and Société Générale’s crypto division.
Building a Crypto-Native Financial Infrastructure
Ripple’s long-term strategy centers on creating an end-to-end platform for tokenized finance, combining cross-border payments, stablecoin issuance, and digital asset management. By incorporating Palisade’s wallet-as-a-service technology, Ripple can now deliver modular custody solutions to both regulated financial institutions and fast-moving fintechs.
The development aligns with Ripple’s broader ambitions in real-world asset tokenization (RWA) and on-chain liquidity, areas that are rapidly gaining institutional traction following the GENIUS Act’s stablecoin legislation in the U.S. and the MiCA framework in Europe.
“Banks and corporates are no longer just experimenting with blockchain — they’re operationalizing it,” said Long. “The next phase of adoption depends on scalable wallet infrastructure, and Palisade helps us deliver exactly that.”
Industry observers say Ripple’s latest move further distances it from its early reputation as a payments-only company. “Ripple is positioning itself as a crypto infrastructure powerhouse, offering everything from token issuance to settlement to custody,” said Anthony Lee, a fintech analyst at Messari. “Palisade fills the last missing piece in that architecture.”
Outlook: Institutional Integration Accelerates
With the acquisition of Palisade, Ripple solidifies its role as one of the leading blockchain firms bridging institutional finance and Web3 infrastructure. Analysts expect the company to leverage its expanded product suite to attract fintechs, stablecoin issuers, and banks seeking fast, compliant, and secure ways to handle tokenized assets and real-time payments.
As Ripple continues to build out its institutional crypto rails, the acquisition underscores a broader shift within the industry — from speculative trading toward enterprise-grade blockchain solutions designed to power the next generation of global finance.
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