Ripple Acquires Palisade to Strengthen Institutional Crypto Custody and Payments
Ripple’s acquisition of Palisade, a digital asset wallet and custody provider, expands its regulated institutional offerings with advanced security, multi-chain asset support, and enhanced payment infrastructure.
Ripple has acquired Palisade, a provider of digital asset wallet and custody services, in a strategic move to bolster its institutional product lineup. The deal brings advanced multiparty computation (MPC) technology and multi-chain asset management capabilities into Ripple’s infrastructure, supporting secure storage of cryptocurrencies, stablecoins, and tokenized real-world assets. The acquisition aims to strengthen Ripple Custody’s appeal to fintechs, crypto-native firms, and enterprises seeking secure and compliant digital asset storage, payments, and trading solutions.
- Institutional Custody: Specialized asset storage and management solutions designed for banks, corporations, and other large-scale entities handling cryptocurrencies or tokenized assets.
- Stablecoins: Cryptocurrencies pegged to a stable reserve asset like the U.S. dollar, designed to minimize price volatility.
- Multiparty Computation (MPC): A cryptographic technique enabling multiple parties to jointly compute a function over their inputs while keeping those inputs private.