Ripple, the issuer of the digital asset XRP, has completed its ninth strategic acquisition by incorporating Palisade, a company specializing in wallet technology and digital asset custody.
Ripple President Monica Long said the two companies are poised to drive “the next big wave of cryptocurrency adoption.”
He emphasized that: “The combination of Ripple’s bank-grade security vault and Palisade Wallet makes Ripple Custody a one-stop provider for all institutional needs, from long-term storage to real-time global payments and financial management.”
Financial details of the Palisade acquisition were not disclosed by the company. This purchase It’s part of an aggressive growth strategy Ripple has maintained it for many years. The series of acquisitions began with Simple Honey in 2013 and continued with the addition of Algrim and Logos in 2019. The company acquired Swiss storage company Metaco for $250 million in 2023, followed by Standard Custody in 2024.
The company increased its purchases in 2025 by integrating broker Hidden Road in April for $1.25 billion, stablecoin platform Rail for $200 million, and financial management system company GTreasury for $1 billion in October, CriptoNoticias reported.
Ripple’s strategy aims for long-term growth of crypto-asset-based financial infrastructure.
