Ripple acquires Palisade to expand into multi-chain custody and wallet infrastructure, deepening its institutional crypto and European regulatory reach.
Ripple has acquired Palisade, a UK-based wallet and custody provider registered as a Digital Asset Service Provider (DASP) with France’s Autorité des Marchés Financiers (AMF). The deal, Ripple’s fourth of 2025, broadens its reach beyond cross-border payments into multi-chain custody, wallet provisioning, and treasury tools, core infrastructure as institutions move deeper into tokenized assets. Terms were undisclosed, but the move strengthens Ripple’s European regulatory foothold and signals a strategic shift toward enterprise crypto infrastructure.
Broader scope: Palisade’s multi-party computation (MPC) wallet tech adds multi-chain custody support across the XRP Ledger, Ethereum, and Solana, expanding Ripple’s institutional offerings.
Regulatory reach: The French DASP licence positions Ripple advantageously under the EU’s MiCA framework, bolstering compliance credibility in Europe.
Strategic timing: Demand for secure wallet infrastructure is rising as fintechs and corporates adopt on-chain treasury and settlement tools.
Execution risk: Integration of Palisade’s wallet-as-a-service model with Ripple’s custody stack will determine rollout speed and enterprise uptake.
Market watch: No clients or rollout timelines announced yet; success depends on rapid deployment and institutional adoption.
San Francisco-based fintech Ripple has acquired Palisade, a UK-headquartered digital-asset wallet and custody firm. The purchase price was not disclosed.
The acquisition broadens Ripple’s services beyond banks to include fintech companies, corporates, and crypto-native businesses. Palisade provides custody and wallet infrastructure using multi-chain and MPC (multi-party computation) technology, which will be integrated into Ripple’s existing institutional products.
A shift beyond payments
Ripple, long recognized for its role in cross-border payments and enterprise use of XRP, is moving deeper into digital-asset infrastructure with its acquisition of Palisade. The move broadens Ripple’s focus to include custody and wallet technology, covering secure vault storage, multi-chain wallet provisioning, and treasury tools.
Palisade’s wallet-as-a-service stack uses multi-party computation (MPC) for key management and supports several blockchains, including the XRP Ledger (XRPL), Ethereum, and Solana.
The firm holds a Digital Asset Service Provider (DASP) registration in France under number E2023-82, listed with the Autorité des Marchés Financiers (AMF), giving Ripple regulatory presence in the European market.
Why the timing matters
The digital-asset custody sector is tightening. As corporates and fintechs move into tokenized assets, treasuries, and on-chain payment systems, secure wallet and custody infrastructure has become a key constraint. Ripple’s acquisition of Palisade directly targets that gap. Palisade provides wallet provisioning and high-frequency transaction tools, not just static storage.
It’s also Ripple’s fourth acquisition of 2025, following earlier deals and its 2023 purchase of Metaco, a Swiss-based custody technology firm. The move shows Ripple’s effort to extend its infrastructure beyond payments, building capacity across custody, treasury, and settlement services.
What the deal gives Ripple
The acquisition broadens Ripple’s customer base beyond banks to include fintechs, corporates, and crypto-native firms needing scalable wallet provisioning and treasury operations. Palisade’s registration as a Digital Asset Service Provider in France strengthens Ripple’s regulatory position in Europe, aligning with the region’s tightening MiCA framework.
Its API-driven model, Multi-Party Computation setup, and multi-chain support enhance Ripple’s wallet and custody infrastructure. As custody becomes central to institutional crypto services, the move may pressure other providers and banks to adapt.
Lingering questions & risks
The financial terms of the acquisition were not disclosed, making it difficult to assess valuation metrics and deal size within the custody sector.
Integration risk: Ripple’s challenge lies in merging Palisade’s wallet-as-a-service model with its existing custody and vault systems. Differences in technology stacks or execution delays could affect rollout speed and efficiency.
Regulatory uncertainty : Although Palisade holds a French DASP licence under the AMF, regional rules still differ across Europe and beyond. Evolving frameworks around tokenisation and real-world assets could introduce compliance hurdles as Ripple scales its infrastructure.
Token-ecosystem impact: The deal is framed as an infrastructure expansion, not a token play. Ripple has not announced any direct link between this acquisition and increased demand for XRP or its upcoming stablecoin, though broader ecosystem adoption remains a point of interest.
Market reaction: Infrastructure deals rarely deliver instant market effects. The ultimate test will be Ripple’s ability to integrate Palisade swiftly, secure enterprise clients, and convert that momentum into measurable utility growth.
What to watch next
In the coming quarters, several factors will signal how Ripple leverages the Palisade acquisition. Watch for new fintech or corporate clients adopting Ripple’s expanded custody and wallet platform, as none have been announced yet.
Monitor integration progress, specifically when Palisade’s wallet tools become active within Ripple’s ecosystem. The company hasn’t shared rollout dates so far. Keep an eye on industry reactions, as other custody and wallet providers may respond with upgrades or consolidation moves.
Watch for regulatory updates that clarify how Palisade’s European licence enhances Ripple’s global compliance reach. Lastly, note any token-related developments, especially statements connecting the new infrastructure to XRP or Ripple’s stablecoin plans, though none have been made yet.
Final word
ThRipple’s acquisition of Palisade reflects a move beyond payments into broader digital-asset infrastructure. The deal links Ripple’s custody framework with Palisade’s wallet technology, extending its reach across vaults, wallets, and treasury tools. The key test will be integration and delivery, how efficiently Ripple merges systems, meets compliance demands, and gains real enterprise use. If it executes well, the move could strengthen its institutional footing; if not, it risks fading as another unfulfilled expansion.
