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Crypto services company Ripple has acquired the crypto custody and wallet company Palisade to expand its business and institutional-focused offerings.
Ripple announced on Monday that Palisade’s wallet-as-a-service offering would be integrated into Ripple Custody, its crypto custody arm targeting banks, and stated that the acquisition aims to serve “fintechs, crypto-native firms, and corporates.”
“Corporates are poised to drive the next massive wave of crypto adoption,” Ripple president Monica Long said in a statement.
“Just as we’ve seen major banks go from observing to actively building in crypto, corporates are now entering the market, and they need trusted, licensed partners with out-of-the-box capabilities,” she added.&nbsp;
The company has made several <a href="https://cointelegraph.com/news/ripple-sec-over-challenge-swift" rel="noopener noreferrer nofollow">major acquisitions</a> this year as the Securities and Exchange Commission dropped its <a href="https://cointelegraph.com/explained/ripple-vs-sec-how-the-lawsuit-strengthened-xrps-narrative" rel="noopener noreferrer nofollow">long-running legal case</a> against Ripple. The firm has quickly expanded its offerings to trading, stablecoins and crypto treasury companies.
<h2 id="palisade-to-add-to-key-ripple-services">Palisade to add to key Ripple services</h2>
Ripple said that Palisade’s wallet offering will also be integrated into its services from Ripple Payments, its cross-border payments service, and will “provide the core infrastructure for subscription payments or collection capabilities.”
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2025-11/019a4c9b-e169-71ab-89e6-796872bbb15d" title="" alt="Ripple buys Palisade as it tips corporations to drive crypto adoption">
 <figcaption style="text-align: center;">
 Source: <a href="https://x.com/palisadeinc/status/1985454653748981785" rel="noopener noreferrer nofollow" target="_blank">Palisade</a>
 </figcaption>
</figure>
It added that the new tools would serve customers with “high-speed use cases” such as crypto to fiat on and off-ramps that can support multiple blockchains and interact with decentralized finance protocols.
<h2 id="ripple-has-spent-4-billion-on-acquisitions">Ripple has spent $4 billion on acquisitions</h2>
Ripple said its latest acquisition marks approximately $4 billion that it has spent on acquiring crypto companies, with most of its larger deals occurring this year.
Related: <a href="https://cointelegraph.com/news/tharimmune-540m-canton-coin-crypto-treasury-push" rel="noopener noreferrer nofollow">Tharimmune makes $540M bet on Canton Coin in crypto treasury push</a>
Earlier on Monday, Ripple announced that its US institutional clients would gain<a href="https://cointelegraph.com/news/ripple-digital-asset-spot-prime-brokerage" rel="noopener noreferrer nofollow"> access</a> to over-the-counter (OTC) transactions of multiple cryptocurrencies, thanks to its <a href="https://cointelegraph.com/news/ripple-acquires-crypto-friendly-prime-broker-hidden-road-for-1-3-b" rel="noopener noreferrer nofollow">$1.25 billion acquisition</a> of crypto-friendly prime broker Hidden Road, which was completed in April.
It comes after Ripple acquired the crypto treasury management system provider <a href="https://cointelegraph.com/news/ripple-acquisition-gtreasury-1b" rel="noopener noreferrer nofollow">GTreasury in October</a> for $1 billion, aiming to cash in on the current trend of crypto-holding public companies.
The company also acquired the stablecoin payments platform Rail in August, in a $200 million deal that is expected to close in the fourth quarter of this year.
Magazine: <a href="https://cointelegraph.com/magazine/ethereum-synthetix-aave-l1-mainnet-ronin-celo-phala-l2/" rel="noopener noreferrer nofollow">Back to Ethereum — How Synthetix, Ronin and Celo saw the light</a>&nbsp;

Ripple buys Palisade as it tips corporations to drive crypto adoption

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