SAN FRANCISCO, NOVEMBER 3, 2025 – Ripple, a leader in financial technology providing crypto solutions, announced today the acquisition of digital asset custody and wallet provider Palisade. This strategic acquisition will enhance Ripple’s custody capabilities, allowing the company to better meet the needs of fintechs, crypto-native businesses, and corporate clients.
Ripple Custody is engineered for banks and financial institutions seeking secure storage for digital assets, stablecoins, and Real World Assets (RWAs). Following this acquisition, Ripple will broaden its customer base and diversify its use cases. Palisade contributes a quick, scalable, and secure “wallet-as-a-service” solution, optimized for fast value transfer and seamless integration, making it suitable for clients engaging in high-frequency transactions and payments.
“Secure digital asset custody is essential for enabling the crypto economy and is integral to Ripple’s product approach,” stated Monica Long, President of Ripple. “Corporates are on the brink of leading the next wave of crypto adoption. As we have seen with major banks moving from observation to active participation in crypto, corporations now require trusted, licensed partners with ready-to-use solutions. The combination of Ripple’s secure vault and Palisade’s swift, efficient wallet establishes Ripple Custody as the comprehensive provider for institutional requirements, spanning from secure storage to real-time global payments and treasury management.”
Ripple Custody is presently utilized by leading global institutions, including Absa Bank, BBVA, DBS, and Société Générale – FORGE. It acts as a secure “vault” for institutional crypto, offering a robust audit trail and cryptographic approval processes that meet compliance standards. The service allows the management of multiple vaults, providing visibility across various assets and platforms.
Palisade’s architecture features governance and security innovations, including Multi-Party Computation (MPC) and a zero-trust architecture. It enables swift wallet provisioning, supports multiple blockchain networks, and integrates with DeFi protocols.
- Multi-Party Computation (MPC): A security approach that divides wallet keys into fractions or “shards”.
- Zero-Trust Architecture: Necessitates thorough verification for all users and devices accessing network resources.
- Fast Wallet Provisioning: Facilitates rapid creation and deployment of wallets for clients at scale.
- Multi-Chain Support: Enables management and holding of digital assets across diverse blockchains.
- DeFi Integration: Allows interaction with decentralized finance protocols such as lending or yield platforms.
Palisade’s technology will also be integrated into Ripple Payments, enhancing requirements for fast and efficient value mobilization. This integration will provide foundational infrastructure for subscription payments and collection processes by securely provisioning wallets at scale and facilitating quick transaction signing.
Ripple’s commitment to enhancing its custody solution is further exemplified through collaborations with leading crypto compliance organizations like Chainalysis and Elliptic. With over a decade of experience and more than 75 regulatory licenses globally, Ripple is well-positioned to connect traditional and decentralized finance.
About Ripple
Ripple is a financial technology company delivering crypto solutions for businesses. Ripple Payments leverages blockchain technology to enhance the speed and transparency of cross-border transactions. Ripple Custody offers a secure method for managing digital assets, while Ripple Prime provides a global multi-asset prime brokerage for institutional clients. Ripple’s stablecoin (RLUSD) and cryptocurrency XRP enhance the efficiency of traditional finance and unlock new applications for digital assets.
About Palisade
Palisade is a digital asset infrastructure provider, focusing on secure wallet and custody solutions for enterprises. Their Wallet solutions feature a flexible API that streamlines the integration of MPC wallet technology, allowing businesses to develop payment systems, tokenization platforms, and Web3 applications. Palisade Custody ensures fully regulated, institutional-grade storage for digital assets through secure hardware modules and advanced cryptography, enabling organizations to manage and transact digital assets securely while ensuring compliance.
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