Fintech firm Ripple has announced the acquisition of Palisade, a specialist in wallet and custody services.
The acquisition aims to accelerate Ripple's institutional digital-asset services by combining bank-grade custodial infrastructure with wallet-as-a-service capabilities.
Ripple President Monica Long stated that the acquisition creates an "end-to-end provider for every institutional need, from long-term storage to real-time global payments and treasury management.
Ripple is now positioned to serve banks, fintech players, crypto-native firms, and large corporates requiring long-term vaulting and high-speed transaction flows.
Author's summary: Ripple bolsters institutional custody with Palisade acquisition.