Ripple Expands Custody Services with Acquisition of Palisade
Date: 2025-11-04 Author: Oliver Abernathy Categories: BUSINESS
Fintech company Ripple has acquired custody solutions developer Palisade to strengthen its Ripple Custody business and make it accessible not only to banks but also to a wider range of corporate clients.
Initially, the Ripple Custody platform focused on financial institutions working with digital assets, stablecoins, and tokenized real-world assets (RWAs). However, with the acquisition of Palisade, the company plans to serve fintech companies, crypto businesses, and corporations in need of reliable and licensed partners. Palisade's wallet-as-a-service technology is optimized for frequent and instant transactions.
Ripple President Monica Long emphasized that the corporate sector will be a key driver of the next wave of mass cryptocurrency adoption. According to her, the combination of Ripple and Palisade technologies will create a comprehensive ecosystem—from secure asset storage to global payments.
Palisade's solutions are based on multi-party computation (MPC) mechanisms and a zero-trust concept. The former technology shares cryptographic keys among multiple participants, enhancing storage security, while the latter requires strict verification of each user and device. These principles ensure a high level of transaction security and make the system reliable, even in a distributed environment.
Ripple intends to integrate Palisade technology not only into Custody but also into Ripple Payments to improve the efficiency of payment transactions, including automated subscriptions and recurring transfers. Ripple Custody is already used by major banks such as Absa Bank, BBVA, DBS, and SG-FORGE, a division of Societe Generale.
Ripple also introduced new prime brokerage services for US-based institutional clients, enabling them to execute over-the-counter (OTC) trades in dozens of digital assets, including XRP and RLUSD. This move was the result of integrating the solutions of Hidden Road, a prime brokerage firm previously acquired by Ripple, and the creation of the Ripple Prime brand.
Ripple Prime brings together access to forex, derivatives, swaps, fixed income, and digital assets under a single platform. Michael Higgins, Global CEO of Ripple Prime, noted that the launch of OTC trading complements the company's existing derivatives offerings and creates a unified space for US clients to implement their trading strategies.
Earlier in October, Ripple also acquired GTreasury, a treasury solutions provider, for approximately $1 billion, confirming the company's strategy to expand its infrastructure for institutional investors.
