Ripple Acquires Palisade to Expand Institutional Payments
Ripple, a blockchain firm, has acquired crypto wallet provider Palisade to enhance its institutional custody and payments capabilities.
The acquisition aims to integrate Palisade's wallet-as-a-service technology into Ripple Custody, a solution for managing digital assets, stablecoins, and tokenized financial instruments.
- Palisade's technology enables rapid wallet creation and secure deployment for real-time financial use cases.
- It supports multiple blockchains and connects directly with decentralized finance protocols.
Ripple's move into enterprise-grade digital asset infrastructure continues with the acquisition of Palisade.
Ripple develops the XRP Ledger (XRP) and Ripple Payments, and this acquisition sharpens its focus on secure, scalable wallets for fintech and enterprise clients.
Author's summary: Ripple acquires Palisade for institutional payments.
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