XRP News Today: Ripple’s Enhanced Custody Initiative Seeks to Open Up the Corporate Cryptocurrency Market

Ripple, a fintech company focused on providing cryptocurrency solutions for enterprises, has purchased Palisade, a provider of digital asset wallets and custody services, to strengthen its institutional payments offerings, according to a

This step is in line with Ripple’s goal to become a leading provider of institutional-level custody and payment products. Palisade’s platform, which features multi-party computation (MPC) for key protection, a zero-trust security model, and compatibility with multiple blockchains, will be directly integrated into Ripple Payments. This will enable rapid transactions, recurring payment options, and treasury management, all while ensuring regulatory compliance and oversight, according to the announcement.

Monica Long, Ripple’s President, highlighted the critical role of secure digital asset storage in advancing the crypto sector. “Corporates are set to lead the next significant wave of crypto adoption,” she remarked, explaining that combining Ripple’s secure vault with Palisade’s wallet technology delivers a comprehensive solution for institutional clients, from secure long-term holding to instant global payments, the announcement continued.

Ripple Custody, which is already used by institutions such as Absa Bank, BBVA, DBS, and Societe Generale – FORGE, provides a secure audit trail and cryptographic authorization processes. Palisade’s streamlined architecture further improves this by supporting fast wallet setup, DeFi access, and secure storage across blockchains like XRPL,

This acquisition comes after several strategic investments by Ripple in the digital asset space, including acquiring the prime brokerage Hidden Road (now Ripple Prime), the stablecoin payment platform Rail, and treasury management provider GTreasury. These actions, which are part of Ripple’s $4 billion commitment to mergers, acquisitions, and strategic projects, highlight the company’s determined push into institutional crypto services, the announcement noted.

Palisade’s technology is built to meet the rising need for institutional-grade custody. Its MPC method divides wallet keys into multiple parts, removing single points of failure, while its zero-trust framework enforces strict verification for all users and devices. The company’s non-custodial settlement and low-latency matching have already led to collaborations with firms like Copper and GSR for dark pool trading, according to the announcement.

This deal also demonstrates Ripple’s broader ambition to connect traditional financial systems with decentralized finance (DeFi). By bringing Palisade’s infrastructure into its ecosystem, Ripple seeks to make digital asset management easier for institutions, providing solutions for tokenization, regulatory compliance, and cross-chain transactions, the announcement added.