đą Ripple Announces Major Acquisition đą
In a significant move, Ripple has acquired Palisade, a digital-asset wallet and custody infrastructure firm, expanding its reach beyond the XRP Ledger. Palisade brings multi-chain wallet support and enterprise-grade security.
This deal bolsters Rippleâs custody business, originally launched in October 2024, by adding Palisadeâs wallet-as-a-service platform with multi-chain support. This marks part of Rippleâs $4 billion+ acquisition strategy, strengthening its institutional custody business.
đ§ Why This Matters
đčMulti-chain wallet support means Ripple isnât just limiting itself to the $XRP Ledger, which broadens its reach and interoperability.
đčThe acquisition strengthens Rippleâs position in institutional custody and wallet services, making the $XRP Ledger and Ripple-ecosystem more attractive for enterprise-grade solutions.
đčAs custody and wallet infrastructure become central in crypto flows and institutional adoption, this move signals serious ambition from Ripple.
đ Bottom Line
Rippleâs acquisition of Palisade is a strategic push into enterprise wallet/custody infrastructure, reinforcing its ecosystem ambitions. For participants in the XRP network or institutional crypto services, this is a watch-worthy development.
