Palisade’s stack includes multi-party computation (MPC) for key management and support for multiple blockchains, including XRPL, Ethereum and Solana.
Our wallet-as-a-service platform will help power Ripple’s next-gen custody and payments infrastructure, bringing our technology to businesses worldwide. Same team, now at enterprise scale.
According to Ripple, the acquisition is meant to boost its ability to serve corporates and crypto firms with custody tied into payments workflows.
The company already points to a broad regulatory footprint, with 75+ licenses claimed around the world. Industry sources estimate Ripple’s M&A activity in crypto infrastructure at about $4 billion so far, driven by a string of purchases aimed at broadening its services.
According to Monica Long, Ripple president, corporates are “poised to drive the next massive wave of crypto adoption.”
Institutional-grade asset custody just got supercharged.
Palisade offers a fast and scalable wallet solution, ideal for on/off ramps and global corporate payments – this integration accelerates value transfer across Ripple…
Reports have disclosed product and technical details, but not the deal amount. That omission leaves room for questions on how Palisade will be folded into Ripple’s existing products and which markets will get the new combined offering first.
Integration plans were not given in full detail, and observers say timing could shape how quickly customers see changes.
Some clients may get faster time to market for wallets and custodial services because they can use Palisade’s WaaS model under Ripple’s umbrella. That could matter to nonbank corporates and fintechs that are testing tokenization and digital-asset payments.
Analysts will watch for three things: where the combined service will launch first, how the firms handle licensing across jurisdictions, and how quickly key management systems get merged.
Reports also raise the question of competition, since other custody and wallet providers are expanding too. How Ripple positions Palisade — as a back-end tool, a branded offering, or something in between — will shape customer interest.
Featured image from Gemini, chart from TradingView
