• The acquisition of wallet platform Palisade aligns with Ripple’s strategy to evolve from a fintech provider into a core infrastructure player for institutional blockchain finance.
  • The acquisition marks Ripple’s fourth major deal in 2025, following purchases of Hidden Road ($1.25B), Rail ($200M), and GTreasury ($1B).

Blockchain startup Ripple continues to make significant market moves, with the latest being the acquisition of a wallet-as-a-service (WaaS) platform, Palisade. Through this acquisition, the XRP-parent firm aims to expand its institutional custody and payments capabilities.

Ripple Acquires Palisade to Strengthen Institutional Blockchain Infrastructure

The latest acquisition of Palisade’s wallet technology will help in the integration into Ripple’s next-generation custody and payments infrastructure, offering secure, enterprise-grade solutions for institutions globally.

With this acquisition, Ripple gains full-stack control of the digital asset lifecycle, leveraging XRP for instant settlement, RLUSD for institutional liquidity, and Palisade’s technology for multi-asset custody, as reported by CNF.

The integration marks a major step toward Ripple’s vision of becoming a foundational layer for institutional blockchain finance. Ripple noted that this move confirms its transition beyond traditional fintech tools. Besides, it will also help the blockchain firm position itself to build the underlying architecture for a new financial system powered by blockchain technology.

Speaking on the development, Monica Long , President of Ripple, said:

Secure digital asset custody unlocks the crypto economy and is the foundation that every blockchain-powered business stands on, that’s why it’s central to Ripple’s product strategy. The combination of Ripple’s bank-grade vault and Palisade’s fast, lightweight wallet makes Ripple Custody the end-to-end provider for every institutional need, from long-term storage to real-time global payments and treasury management.

Blockchain Firms on Strong Acquisition Spree

Following Ripple’s conclusion of its four-year-long SEC lawsuit earlier in 2025, the blockchain firm has been on a massive acquisition spree.

The XRP-linked fintech firm has been on an aggressive expansion spree this year, broadening its service portfolio through a series of high-profile acquisitions. In April, it acquired prime brokerage firm Hidden Road for $1.25 billion to strengthen its institutional client offerings and enable access to a broader range of cryptocurrencies in the U.S.

This was followed by the $200 million purchase of Canadian stablecoin platform Rail in August. Most recently, just two weeks ago, the company completed a $1 billion acquisition of treasury management firm GTreasury, further consolidating its position in institutional blockchain finance.

On October 24, Ripple CEO Brad Garlinghouse reaffirmed the company’s long-term vision, emphasizing XRP’s central role in its ecosystem. “As we continue building solutions to enable an Internet of Value, I want to remind everyone that XRP remains at the core of everything Ripple does. Lock in,” Garlinghouse stated.