Ripple's acquisition of Palisade strengthens its digital asset custody and wallet service layout.

PANews, November 4, reported that Ripple announced the acquisition of the digital asset Wallet and custody company Palisade to expand its enterprise-level encryption custody service capabilities, with the transaction amount undisclosed. This acquisition is part of its strategic investment of over $4 billion by 2025, having previously acquired Hidden Road ($1.25 billion), Rail ($200 million), and GTreasury ($1 billion). The acquisition of Palisade will help Ripple provide a complete asset management solution ranging from long-term storage to high-frequency trading for encryption-native institutions, fintech companies, and enterprise clients. Palisade features MPC, a zero-trust architecture, and multi-chain support, which will be directly integrated into Ripple's payment system, enhancing cross-border payments and fund scheduling efficiency.