Overview
- Ripple confirmed the acquisition of Palisade, with its wallet-as-a-service to be integrated into Ripple Custody and Ripple Payments.
- Palisade brings MPC key management, a zero‑trust architecture, and multi‑chain support designed for fast provisioning and high‑frequency enterprise flows.
- The company said the deal targets banks, fintechs, crypto‑native firms, and corporates seeking secure wallets for use cases such as on/off‑ramps, subscription billing, and real‑time treasury.
- Financial terms were not disclosed, and detailed timelines for market rollout and integration sequencing were not provided.
- The move extends Ripple’s roughly $4 billion 2025 acquisition push following Hidden Road (now Ripple Prime), GTreasury, and Rail, with the firm citing 75+ global licenses and clients including BBVA, DBS, Societe Generale–FORGE, and Absa Bank.