Overview
- Ripple will integrate Palisade’s wallet-as-a-service into Ripple Custody and link it with Ripple Payments for banks, corporates and fintechs.
- The technology adds multi-party computation security, multi-blockchain support and instant wallet creation for high-frequency payments and on- and off-ramps.
- President Monica Long said Palisade complements Ripple Payments as stablecoin usage grows and corporates move to adopt crypto.
- The acquisition extends a 2025 buying spree that included Hidden Road ($1.25 billion), Rail ($200 million) and GTreasury (about $1 billion), building on the 2023 Metaco deal.
- Ripple says it holds more than 75 regulatory licenses and supports banks such as BBVA, DBS and Societe Generale, while terms of the Palisade deal were not disclosed.