Ripple will purchase Palisade, a digital asset wallet and custody technology firm, in a deal that broadens Ripple’s presence in the institutional crypto market.

Financial details were not disclosed. But the move enhances Ripple’s ability to serve fintechs, crypto-native companies, and corporations looking to integrate digital assets.

Ripple’s existing product, Ripple Custody, is designed to help financial institutions safeguard digital assets such as stablecoins and tokenized real-world assets (RWAs).

The integration of Palisade’s wallet-as-a-service platform strengthens Ripple’s offering by providing more scalable infrastructure suitable for high-volume payment and treasury use cases.

Custody in the crypto economy

In the announcement, Monica Long, President of Ripple, reckons that corporations are becoming increasingly active participants in the crypto ecosystem and need regulated, turnkey solutions to manage digital assets.

By merging Ripple’s “bank-grade vault” with Palisade’s wallet, Ripple aims to provide an end-to-end institutional infrastructure — from long-term asset storage to real-time global transactions and treasury management.

Ripple Custody is already being used by global financial institutions including Absa Bank, BBVA, DBS, and Societe Generale – FORGE. The platform offers a system for digital asset management with tamper-proof audit trails and multi-layered cryptographic controls. It also allows clients to manage multiple vaults and assets across various venues.

The acquisition underscores Ripple’s commitment to meeting regulatory standards — an area in which it holds more than 75 global licenses and registrations. Its integration with firms like Chainalysis and Elliptic ensures that institutional clients can maintain transparency and adherence to anti-money laundering (AML) and know-your-customer (KYC) regulations.

Palisade’s wallet architecture brings several capabilities that complement Ripple’s infrastructure. These include DeFi integration and zero-trust architecture.

This technology will also be integrated into Ripple Payments, enabling settlement, automated fund sweeping, and wallet provisioning for high-frequency transactions — crucial for subscription models and instant global remittances.

Growth plans

The acquisition of Palisade is part of Ripple’s broader expansion strategy, following several key purchases in 2025. These include Hidden Road (now Ripple Prime), stablecoin payment platform Rail, and treasury system provider GTreasury. Together, these moves position Ripple as a provider of crypto-enabled financial infrastructure — spanning payments, liquidity, custody, and compliance.

With an estimated $4 billion invested across the digital asset ecosystem, Ripple wants to be a full-service digital finance provider.

In other finance news, the European Central Bank plans to make the digital euro ready for potential issuance by 2029.