Ripple has continued its acquisition spree with the purchase of Palisade, a digital wallet and crypto custody firm, in a move that strengthens its position as a key infrastructure provider for institutional adoption of blockchain-based payments.
Ripple acquires crypto firm Palisade
The acquisition, announced on Monday, will enhance Ripple’s custody and wallet capabilities, enabling it to serve a broader range of crypto-native businesses, fintechs, and corporates.
Although the financial terms of the deal were not disclosed, the acquisition marks another major step in Ripple’s strategy to build an integrated, enterprise-grade digital asset platform.
Building Institutional Infrastructure
Ripple President Monica Long described secure digital asset custody as “the foundation that every blockchain-powered business stands on,” underlining its centrality to Ripple’s product roadmap.
“Corporates are poised to drive the next massive wave of crypto adoption,” she said. “They need trusted, licensed partners with out-of-the-box capabilities.”
Palisade’s wallet-as-a-service (WaaS) platform offers multi-blockchain support and multi-party computation (MPC) technology—tools that improve transaction security and scalability.
These capabilities will be integrated into Ripple Custody and Ripple Payments, enabling clients to manage both long-term digital asset storage and real-time payments through a single ecosystem.
Long added that the combination of Ripple’s “bank-grade vault” and Palisade’s “fast, lightweight wallet” creates an end-to-end solution for institutional users, covering everything from treasury management to global crypto payments.
A String of Strategic Acquisitions
The Palisade deal is Ripple’s fourth major acquisition of the year, reflecting a rapid expansion of its institutional service offerings.
In April, it acquired prime broker Hidden Road for $1.25 billion, gaining access to a network that services institutional investors across dozens of cryptocurrencies in the US.
In August, it bought Canadian stablecoin platform Rail for $200 million to strengthen its on-chain payment and stablecoin capabilities.
Most recently, the firm spent $1 billion acquiring GTreasury, a treasury management provider, to deepen its footprint in enterprise liquidity and cash management.
Ripple’s Post-SEC Momentum
The wave of acquisitions comes after Ripple ended a four-year legal battle with the US Securities and Exchange Commission, which concluded in August when both parties dropped their appeals.
The resolution has given the company a renewed sense of momentum as it scales up its enterprise services globally.
Ripple’s native token, XRP, remains the world’s fourth-largest cryptocurrency, with a market capitalisation of around $140 billion.
Despite a recent pullback to $2.30 from its new all-time high of $3.65, the token’s resurgence reflects renewed investor confidence in Ripple’s institutional strategy—and in the broader convergence between crypto finance and corporate treasury.
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