Blockchain firm sharpens focus on secure, scalable wallets for fintech and enterprise clients
Ripple has acquired crypto wallet provider Palisade to expand its institutional custody and payments capabilities, continuing its move into enterprise-grade digital asset infrastructure.
The blockchain company, best known for developing the XRP Ledger (XRP) and Ripple Payments, said Palisade’s wallet-as-a-service technology will be integrated into Ripple Custody, its solution for banks, fintechs, and corporates managing digital assets, stablecoins, and tokenized financial instruments.
Palisade brings high-speed wallet infrastructure
Palisade’s technology enables rapid wallet creation and secure deployment for real-time financial use cases, including on- and off-ramps and enterprise payment flows. It supports multiple blockchains and connects directly with decentralized finance protocols.
“Palisade offered the best set of capabilities to complement what we’ve built with Ripple Payments,” said Monica Long, Ripple’s president.
With the acquisition, Ripple gains the capacity to serve clients that need instant wallet provisioning or high-frequency transaction management, particularly fintech firms and global treasury teams.
Building a broader institutional stack
Ripple’s expansion signals a deliberate effort to develop a crypto-native financial infrastructure that operates within existing regulatory frameworks. The company now holds over 75 licenses worldwide and partners with established banks including BBVA, DBS, and Société Générale’s digital asset division.
Integrating Palisade enhances that framework by adding customizable wallet technology that meets institutional security and compliance standards. Ripple’s aim is to simplify the movement and management of digital assets across networks while maintaining regulatory assurance.
The acquisition follows a string of recent strategic deals, including Ripple’s 2023 purchase of Swiss custody firm Metaco, and three more this year:
- $1.25 billion acquisition of prime broker Hidden Road (now Ripple Prime)
- $200 million purchase of stablecoin payments firm Rail
- The takeover of treasury technology provider GTreasury
Ripple’s broader strategy of integrating tokenised real-world assets (RWA) and compliant stablecoins and Ripple’s own stablecoin RLUSD, for example, has been integrated with asset-tokenisation platform Securitize to support money-market funds from firms such as BlackRock and VanEck.
With Palisade onboard, Ripple gains infrastructure to support high-frequency, multi-chain wallets, and deploy solutions that link stablecoins, custody, and tokenised assets seamlessly.
Strengthening Ripple’s institutional reach
Palisade’s technology positions Ripple to better support clients building global payments and liquidity systems on blockchain rails. As stablecoins and tokenized assets gain regulatory acceptance, financial institutions are increasingly seeking enterprise-grade custody and wallet solutions that can integrate seamlessly into existing infrastructure.
“That side of the business has been growing tremendously this year alongside the proliferation of stablecoin payments.” added Monica Long.
With Palisade now in-house, the firm gains the flexibility to offer customizable, fast-deploying wallets at a time when crypto payments are accelerating across fintech and corporate sectors.
It gives the company flexibility to deliver wallet infrastructure tailored for banks, fintechs, and corporates that require secure, scalable, and compliant solutions.
By focusing on custody and wallet deployment, Ripple continues to evolve from a payments specialist into a full-service provider for digital finance infrastructure. The company’s growing suite of tools reflects a maturing market where institutions are integrating blockchain into everyday operations.
Gunel Ismayilova
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