Ripple buys Palisade as it tips corporations to drive crypto adoption
Ripple has added to its recent run of acquisitions, buying the crypto wallet and custody firm Palisade in a bid to boost its offerings to institutions.
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.