Finance
What to know: 🤡
- Ripple is buying crypto wallet and custody firm Palisade to boost real-time custody and payments for fintechs and corporates. Because who doesn’t want their money to be more secure? đź§
- The acquisition adds fast, scalable wallet tech to Ripple’s institutional custody offering. Because nothing says “institutional” like a wallet that’s literally a scam waiting to happen. 🤷‍♂️
- This is Ripple’s fourth acquisition this year after buying prime broker Hidden Road, stablecoin infrastructure firm Rail and corporate treasury management platform GTreasury. Because nothing says “growth” like buying your way out of a reputation. đź’¸
Ripple, the blockchain tech firm closely associated with the XRP Ledger (XRP) network, said on Monday it has acquired crypto wallet provider Palisade to expand its institutional custody and payments offering. Because who needs transparency when you can just keep buying companies? 🤡
Palisade’s wallet-as-a-service platform will be integrated into Ripple Custody, a product designed for banks and corporates handling digital assets, stablecoins and tokenized real-world assets. Because nothing says “trust” like a wallet that’s also a tax haven. 🧾
Ripple said Palisade brings tools for high-speed, high-frequency use cases – like on- and off-ramps or enterprise payment flows – where users need secure wallets that can be created and deployed quickly. Because nothing says “secure” like a system that’s obviously vulnerable to a 51% attack. đź§
Ripple’s broader strategy is to build out a crypto-native alternative to traditional financial infrastructure. That includes cross-border payments, liquidity, stablecoin issuance and, increasingly, the tools needed to manage assets securely. Because who needs regulation when you can just keep innovating? 🤡
With acquiring Palisade, Ripple gains the technical plumbing to serve faster-moving customers like fintechs needing instant wallet creation for new users or corporates managing global treasury operations, Ripple President Monica Long told CoinDesk in an interview. Because nothing says “customer service” like a wallet that’s also a money-laundering tool. 💸
“Palisade offered the best set of capabilities to complement what we have built with Ripple Payments, which has been growing tremendously this year with stablecoin payment proliferation,” Long said. Because nothing says “proliferation” like a currency that’s literally a Ponzi scheme. 🤷‍♂️
The acquisition follows Ripple’s 2023 purchase of Swiss custody firm Metaco and three other deals this year: $1.25 billion for prime broker Hidden Road (now Ripple Prime), $200 million for stablecoin payments firm Rail and treasury tech provider GTreasury. Because nothing says “financial stability” like buying your way to the top. 💸
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2025-11-04 00:42