Ripple Acquires Palisade to Expand Institutional Digital Asset Custody Footprint

Ripple has announced the acquisition of Palisade, a digital asset wallet and custody provider. The latest move expands the company’s custody capabilities beyond banks and financial institutions to a wider customer base, including fintechs, corporates, and crypto-native firms.

Palisade offers a “wallet-as-a-service” product designed for high-speed transactions and rapid integration into existing workflows. Its core features include MPC-based key sharding, zero-trust architecture, multi-chain support, rapid wallet provisioning, and DeFi connectivity.