Ripple Acquires Palisade to Boost Digital Asset Custody Solutions
San Francisco-based fintech firm Ripple has acquired Palisade to enhance its digital assets custody solutions and platform operations.
Ripple, a cross-border payment firm, has expanded its digital asset services through the acquisition of Palisade, a firm specializing in building wallets and custody systems for cryptocurrencies.
Institutional-grade asset custody just got supercharged.
- The acquisition aims to make Ripple the preferred platform for businesses, fintechs, and institutions seeking to store, move, and manage digital assets securely.
- Ripple previously offered custody services to banks and fintechs holding cryptocurrencies, stablecoins, or tokenized real-world assets.
- The Palisade purchase will enable Ripple to support more use cases, particularly for businesses prioritizing speed and flexibility in handling high-volume transactions.
Author's summary: Ripple acquires Palisade to enhance digital asset custody.