Ripple Acquires Palisade to Boost Institutional Crypto Services

Crypto services giant Ripple has announced the acquisition of Palisade, a crypto custody and wallet solutions provider, as part of its ongoing effort to strengthen its institutional offerings. The company revealed on Monday that Palisade’s “wallet-as-a-service” technology will be integrated into Ripple Custody, its specialized crypto custody platform for banks and large financial institutions.

According to Ripple President Monica Long, the acquisition reflects a growing shift among corporations toward digital assets. “Corporates are poised to drive the next massive wave of crypto adoption,” she said. 

Ripple Expands Custody and Payment Capabilities

The move is part of Ripple’s broader expansion strategy following the resolution of its long-running legal battle with the U.S. Securities and Exchange Commission (SEC) earlier this year. Since then, Ripple has aggressively diversified its portfolio, entering new markets such as trading, stablecoins, and crypto treasury management.

Ripple stated that Palisade’s wallet technology will also play a key role in enhancing Ripple Payments, the company’s flagship cross-border payments service. 

The integration will provide core infrastructure for features like subscription payments and collection capabilities, designed to meet the needs of fintechs, crypto-native firms, and large corporations.

Integration with Ripple Payments and Multi-Chain Capabilities

The new suite of tools aims to support high-speed use cases, including seamless crypto-to-fiat conversions across multiple blockchains and interaction with decentralized finance (DeFi) protocols. This expansion positions Ripple as a major provider of enterprise-grade blockchain infrastructure capable of handling a wide range of digital asset operations.

Ripple’s acquisition of Palisade brings its total spending on takeovers to nearly $4 billion, with several major deals finalized this year alone. Earlier on Monday, Ripple confirmed that U.S. institutional clients will soon gain access to over-the-counter (OTC) trading for multiple cryptocurrencies, following its $1.25 billion acquisition of prime broker Hidden Road in April.

The company’s buying spree has continued throughout 2025, including the $1 billion purchase of GTreasury in October to expand its crypto treasury services and the $200 million acquisition of stablecoin payments platform Rail in August, which is expected to close by the end of the year.