Has wrinkle bought Palisade, a London-based company that offers wallet-as-a-service and institutional custodial assets. According to company statements and industry reports, the deal adds capabilities for businesses and fintech customers who want out-of-the-box wallets and custody support. The price was not disclosed.
Palisade brings Wallet technology and MPC
Palisade’s stack includes multi-party computation (MPC) for key management and support for multiple blockchains, including XRPL, Ethereum and Solana.
Based on reportsthe company has experience in making wallets available quickly and a model that is attractive to companies that do not want to build custody from scratch. Palisade also has regulatory ties in Europe, including a French custody license in addition to its UK presence.
@palisadeinc has been taken over by @Ripple 🎉
Our wallet-as-a-service platform will power Ripple’s next-generation custody and payments infrastructure, bringing our technology to businesses around the world. Same team, now at enterprise level.
This is just the beginning 🚀 pic.twitter.com/G1en6AySYz
— Palisade (@palisadeinc) November 3, 2025
Storage and payment options
According to Ripple, the acquisition is aimed at increasing its ability to serve businesses and crypto businesses with custody linked to payment workflows.
The company already points to a broad regulatory footprint, with more than 75 licenses around the world. Industry sources estimate Ripple’s M&A activity in crypto infrastructure to date at around $4 billion, driven by a series of acquisitions aimed at broadening its services.
According to Monica Long, president of Ripple, companies are “poised to drive the next massive wave of crypto adoption.”
Asset custody at the institutional level just got a boost.
We are acquiring @palisadeinc: https://t.co/2536rNIuWv
Palisade offers a fast and scalable wallet solution, ideal for on-ramps and global business payments. This integration accelerates the value transfer via Ripple…
— Ripple (@Ripple) November 3, 2025
What was revealed and what was not
Reports have revealed product and technical details, but not the deal amount. That omission leaves room for questions about how Palisade will fold into Ripple’s existing products and which markets will get the new combined offering first.
Integration plans were not provided in full detail, and observers say timing could determine how quickly customers see changes.
XRP market cap currently at $136 billion. Chart: TradingView
Possible effects on customers and XRP usage
Some customers may get faster time to market for wallets and custody services because they can use Palisade’s WaaS model under the Ripple umbrella. That could be important for non-bank companies and fintechs testing tokenization and digital asset payments.
Whether the move will lead to more direct use of XRP in business flows was not clarified in public statements. A tighter stack of custody and payments could influence sentiment, but any effect on token demand would depend on product choices that have not yet been announced.
Analysts will be paying attention to three things: where the combined service launches first, how the companies handle licensing in different jurisdictions, and how quickly key management systems are merged.
Reports also raise the issue of competition, as other custody and wallet providers are also expanding. How Ripple positions Palisade – as a back-end tool, a branded offering or something in between – will determine customer interest.
Featured image of Gemini, chart from TradingView
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