Ripple acquires crypto wallet and custody firm Palisade

ChainCatcher News, according to official sources, Ripple has announced the acquisition of digital asset wallet and custody company Palisade. This acquisition will significantly expand Ripple's asset custody capabilities, enabling it to directly meet the core needs of fintech companies, crypto-native enterprises, and large corporate clients.

Ripple Custody is specifically designed for banks and financial institutions to help them custody digital assets, stablecoins, or real-world assets.