Overview
- Ripple said Palisade’s wallet-as-a-service will be integrated into Ripple Custody and Ripple Payments to support fast wallet creation for fintechs and corporates.
- The technology uses multi-party computation, supports multiple blockchains including XRP Ledger, Ethereum and Solana, and can interact with DeFi.
- Financial terms were not disclosed, and the move targets high-speed use cases such as on- and off-ramps, subscription billing and real-time treasury flows.
- The deal extends Ripple’s 2025 acquisition run, which includes Hidden Road at $1.25 billion, GTreasury at $1 billion and Rail at $200 million, for roughly $4 billion in total spend.
- Ripple cites more than 75 regulatory licenses and clients such as BBVA, DBS and Societe Generale, with its expansion following the resolution of its SEC case earlier this year.