In a strategic move announced on 3 November 2025, Ripple has acquired digital asset infrastructure firm Palisade, enhancing its institutional-grade wallet and custody offering.

Under the deal, Palisade’s “wallet-as-a-service” technology—including multi-chain support, fast wallet provisioning and integration with DeFi protocols—will integrate into Ripple Custody and Ripple Payments to serve fintechs, crypto-native firms and corporates requiring high-speed value movements and on-/off-ramps.

Palisade’s architecture is built on multi-party computation (MPC) key management and a zero-trust security model. Ripple President Monica Long described the acquisition as a foundation for meeting enterprises’ growing demand: “Corporates are poised to drive the next wave of crypto adoption … they need trusted, licensed partners with out-of-the-box capabilities.”

The acquisition follows several other moves by Ripple in 2025, including the acquisitions of Hidden Road (now Ripple Prime), GTreasury and Rail, signalling Ripple’s broad push into enterprise crypto infrastructure.

For financial institutions such as BBVA, DBS, Societe Generale and Absa Bank, Ripple Custody already provides vault-style storage of digital assets and tokenised real-world assets (RWAs). The integration of Palisade enhances the platform’s capacity to deliver rapid deployment and real-time transactional capabilities.

While the financial terms of the acquisition were not publicly disclosed, media outlets describe it as part of Ripple’s nearly $4 billion investment spree in crypto infrastructure this year.

The deal signals a further convergence of traditional finance and blockchain infrastructure, with Ripple positioning itself as a full-stack service provider for institutions seeking compliant, scalable access to digital assets and payments.