Ripple announced today the acquisition of Palisade to expand its institutional digital asset custody capabilities, according to an official company statement. The move strengthens Ripple’s offering of comprehensive custody solutions for corporate clients.
Through this acquisition, Ripple aims to enhance the security, efficiency, and accessibility of its custody services, benefiting banks, investment funds, and other financial institutions. Palisade brings expertise in regulated custody infrastructure, enabling Ripple to offer more robust solutions for managing large volumes of digital assets. Industry analysts note that integrating Palisade could attract more institutional clients to Ripple’s platform, reinforcing its position against competitors in the crypto custody market.
Ripple stated that the Palisade integration will begin immediately, with combined solutions expected to be available by the first quarter of 2026. Institutional users will gain access to enhanced security and asset management features, while the market continues to watch the consolidation of cryptocurrency custody services globally.
Source: Ripple – Official Statement
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