XRP News Today: Ripple's Secure Custody Move Unlocks Next Wave of Institutional Crypto Adoption

Ripple, the blockchain technology firm behind the XRP Ledger, has acquired Palisade, a digital asset wallet and custody provider, to bolster its institutional custody coverage. The deal, announced Nov. 3, 2025, marks the latest in a series of strategic moves by Ripple to solidify its position in the institutional crypto market. Palisade's "wallet-as-a-service" platform will integrate into Ripple Custody and Ripple Payments, enabling secure, multi-chain transactions across networks like Ethereum, Solana, and the XRP Ledger. This acquisition follows Ripple's $1 billion purchase of GTreasury, a treasury management firm, and its $1.25 billion acquisition of prime broker Hidden Road, now rebranded as Ripple Prime, which further expands institutional reach.

The integration of Palisade's technology—featuring multi-party computation (MPC), zero-trust architecture, and multi-chain support—aims to address institutional demand for scalable, secure custody solutions, according to industry coverage. Ripple President Monica Long emphasized that "secure digital asset custody unlocks the crypto economy," a critical step as corporations and fintechs increasingly seek "bank-grade" partners to manage digital assets, according to Coinpedia. The move aligns with Ripple's broader strategy to bridge traditional finance and decentralized systems, offering clients tools for real-time settlements, high-frequency treasury operations, and compliance-driven transactions, as noted in other coverage.

Ripple's expansion comes as the company navigates a shifting regulatory landscape. Earlier in 2025, the U.S. Securities and Exchange Commission dropped its long-running legal case against the firm, freeing it to pursue new ventures, in a Cointelegraph report. With over 75 global regulatory licenses, Ripple now serves institutions such as DBS, Societe Generale–FORGE, BBVA, and Absa Bank. The Palisade acquisition is expected to accelerate adoption among corporates, which Ripple President Long described as the "next massive wave of crypto adoption."

Analysts note that Ripple's aggressive M&A strategy—nearly $4 billion in deals this year—positions it to compete in the growing institutional crypto infrastructure space. The firm's product suite now spans custody, payments, trading, and stablecoin solutions, including its RLUSD stablecoin, which recently surpassed $1 billion in value, according to Yahoo Finance. By combining Palisade's wallet technology with Ripple's existing infrastructure, the company aims to provide end-to-end services for institutions managing tokenized assets, stablecoins, and cross-border transactions.

The acquisition also underscores a broader industry trend: as crypto adoption matures, demand for secure, regulated custody solutions is rising. Palisade's tools will support high-speed use cases like on-ramps, off-ramps, and subscription-based payments, addressing gaps in the market for enterprises and financial institutions. With Ripple's expanded capabilities, clients can now manage digital assets across multiple blockchains while adhering to compliance standards, a key differentiator in a sector still grappling with security and regulatory challenges, according to Reuters.