Ripple’s acquisition of Palisade expands the company’s crypto asset storage capabilities following a surge in trading volume of $25 billion. The deal will integrate Palisade’s cryptocurrency custody and wallet-as-a-service technology into Ripple’s institutional crypto services infrastructure. This acquisition of Ripple positions the payments giant to serve banks, fintechs, and enterprises seeking compliant digital asset solutions.
Ripple Acquisition Accelerates Palisade Custody and Wallet-as-a-Service Growth
The Palisade crypto custody platform brings proven wallet-as-a-service technology to Ripple’s enterprise clients. According to an official statement, Palisade said:
“Our Wallet-as-a-Service platform will help power Ripple’s next-generation custody and payments infrastructure, bringing our technology to businesses around the world. The same team is now delivering at enterprise scale.”
This strategic acquisition of Ripple follows the company’s $1.25 billion acquisition of prime brokerage firm Hidden Road. Collectively, these transactions demonstrate Ripple’s commitment to building a comprehensive institutional crypto service for traditional finance to tap into digital assets.
ripple president monica long He emphasized the role of corporate adoption in the future of cryptocurrencies. Long stated:
“Enterprises are poised to drive the next wave of large-scale cryptocurrency adoption. Just as we have seen major banks move from monitoring cryptocurrencies to proactively building them, enterprises are entering the market now and need trusted licensing partners with ready-to-use capabilities.”
The Wallet-as-a-Service integration powers both Ripple Custody and Ripple Payments, adding infrastructure for subscription payments, collections, and crypto-to-fiat migration across multiple blockchains. This expansion is in response to increased institutional demand following a $25 billion surge in transaction volume across Ripple’s payments network.
Strategic expansion after $25 billion volume surge
The $25 billion spike in trading volume indicates increased organizational adoption of Ripple’s infrastructure. Ripple CTO david schwartz discussed the importance of a broader acquisition strategy. Schwartz said:
“Ripple’s acquisition of Hidden Road is a defining moment for the XRP Ledger and XRP. Imagine some of that activity on the XRP Ledger, and that’s exactly what Hidden Road plans to do, not to mention the future use of collateral and real-world assets tokenized in XRPL.”
Ripple is spending about $4 billion on acquisitions in 2025, including the $1.25 billion Hidden Road deal, the $1 billion GTreasury acquisition, and the $200 million Rail acquisition. The acquisition of Palisade’s Cryptocurrency Custody completes Ripple’s institutional crypto services stack that combines custody, payments, prime brokerage, and treasury management.
The timing coincides with increased regulatory clarity in the United States. The executive director of the President’s Advisory Council on Digital Assets will represent the White House at Ripple’s Swell conference to voice the government’s support for institutional crypto infrastructure.
Palisade’s Wallet-as-a-Service technology enables enterprises to integrate custody solutions without building infrastructure from scratch, addressing the technical barriers that slow enterprise digital asset adoption.
