Enterprise blockchain firm Ripple has introduced the acquisition of digital asset pockets and custody infrastructure agency Palisade.
The newest transfer is supposed to reinforce Ripple’s custody enterprise, which was initially launched in October 2024.
Paladise makes a speciality of shortly deploying wallets at scale with multi-chain help. Notably, it’s already built-in with the XRP Ledger.
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“Our wallet-as-a-service platform will assist energy Ripple’s next-gen custody and funds infrastructure, bringing our expertise to companies worldwide. Similar crew, now at enterprise scale,” the agency mentioned in an announcement.
Ripple’s acquisition spree
Ripple, which is primarily recognized for its affiliation with the XRP cryptocurrency, has now shelled out greater than $4 billion on a slew of acquisitions and investments.
Just lately, the corporate introduced that it had agreed to purchase treasury administration agency GTreasury for $1 billion.
Earlier this 12 months, Ripple additionally purchased prime brokerage Hidden Highway, which has been rebranded as “Ripple Prime,” and stablecoin funds platform Rail.