Ripple Expands Institutional Payments: Acquires Crypto Wallet

Ripple Expands Institutional Payments with Acquisition of Crypto Wallet Company

5 November 2025 at 09: 44

Reading time: 3 minutes

Ripple, the blockchain company closely linked to the XRP Ledger (XRP) network, recently acquired Palisade, a crypto Ripple, a wallet provider, has announced this strategic move. This move aims to significantly strengthen Ripple's institutional storage capacity and payment solutions.

Palisade offers a wallet-as-a-service platform that will be seamlessly integrated into Ripple Custody, a product specifically designed for banks and corporations that manage digital assets, stablecoins, and tokenized representations of physical assets. It not only extends Ripple's services but also addresses the growing demand for secure and robust solutions within the rapidly evolving crypto market.

With the addition of Palisade to its portfolio, Ripple can address the needs of high-speed, high-frequency use cases, such as on- and off-ramps (the processes of converting fiat to crypto and vice versa) and corporate payment flows. This is crucial for users who require wallets that can be created and deployed quickly, especially in an era where efficiency and speed are paramount. Palisade's technology also supports various blockchains and can interact with decentralized finance (DeFi) protocols.

A Crypto-Native Alternative to Traditional Finance

Ripple's broader strategy focuses on developing a crypto-native alternative to traditional financial infrastructure. This includes not only cross-border payments and liquidity, but also the issuance of stablecoins and the development of secure asset management tools. Ripple currently holds over 75 regulatory licenses worldwide and collaborates with prestigious financial institutions such as BBVA, DBS, and Société Générale's crypto division.

According to Monica Long, president of Ripple, the Palisade acquisition provides the technical foundation to quickly serve financial technology (fintech) clients. This is especially important for fintechs that require instant wallet creation for new users or companies that manage global treasury operations. Long notes: “Palisade offered the best set of capabilities to complement what we've built with Ripple Payments, which has grown tremendously this year due to the proliferation of stablecoin payments.”

A Year of Strategic Growth

The Palisade acquisition follows Ripple's previous acquisitions in 2023, including the purchase of Swiss security company Metaco. With a total investment of $1,25 billion in prime broker Hidden Road (now Ripple Prime), $200 million in stablecoin payment service Rail, and technology provider GTreasury, Ripple demonstrates its commitment to expansion and strengthening its position in the crypto market.

Ripple's proactive strategy reflects broader trends in the European crypto market, where demand for secure and efficient digital asset management solutions is increasing. These developments are crucial for investors and analysts monitoring the rapidly changing financial landscape. The integration of cutting-edge technologies and partnerships positions Ripple as a key player in the future of digital finance.

Frequently Asked Questions

What are the immediate benefits of the Palisade acquisition for Ripple?
The acquisition of Palisade enables Ripple to respond more quickly and efficiently to the needs of fintechs and enterprises requiring instant wallet solutions. This strengthens Ripple's position in the digital asset sector and offers new opportunities for customers to optimize their payment flows.

How does this acquisition fit into Ripple's broader strategy?
Ripple is focused on creating a competitive crypto-native infrastructure that challenges traditional financial systems. Through new technologies and partnerships, such as the one with Palisade, Ripple can expand and diversify its offerings in a changing market.

What does this development mean for the European crypto market?
The integration of advanced wallet technologies and the stability of digital assets can facilitate the adoption of crypto in the European financial sector. This is particularly relevant in light of increasing regulation and the search for reliable methods for digital asset management.

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