XRP News Today: Secure Custody Drives Ripple's Institutional Blockchain Adoption Push

Ripple, the blockchain-focused financial technology company, has acquired Palisade, a digital asset wallet and custody provider, to bolster its institutional-grade crypto custody and payments solutions. The move, announced on November 3, 2025, marks Ripple's latest step in expanding its infrastructure to serve fintechs, crypto-native firms, and corporates, according to Ripple's press release. Palisade's "wallet-as-a-service" (WaaS) technology will integrate directly into Ripple Custody and Ripple Payments, enhancing the firm's ability to handle high-speed transactions, multi-chain assets, and decentralized finance (DeFi) interactions, according to Yahoo Finance.

Monica Long, Ripple's President, emphasized that secure custody is foundational to blockchain adoption. "Corporates are poised to drive the next massive wave of crypto adoption," she stated, noting that institutions require trusted, licensed partners with scalable solutions. The press release notes Palisade's technology includes features like Multi-Party Computation (MPC) for key security, zero-trust architecture, and rapid wallet provisioning, which align with Ripple's goal of providing end-to-end custody for institutional needs ranging from long-term storage to real-time payments.

The acquisition adds to Ripple's aggressive expansion strategy, which has seen over $4 billion invested in the crypto ecosystem through mergers and acquisitions this year alone. Notable deals include the $1.25 billion purchase of prime broker Hidden Road (now Ripple Prime), the $200 million acquisition of stablecoin platform Rail, and the $1 billion buyout of treasury management firm GTreasury. These moves position Ripple to compete with traditional financial infrastructure while catering to the growing demand for compliant, efficient digital asset management, CryptoNews reported.

Ripple Custody already serves major institutions like Absa Bank, BBVA, DBS, and Societe Generale, leveraging a tamper-proof audit trail and cryptographic compliance processes. With Palisade's integration, the platform will now support decentralized finance protocols and offer seamless multi-chain asset management across blockchains like XRP Ledger, Ethereum, and Solana. The combined solution aims to address high-frequency use cases, such as on- and off-ramps for fiat-crypto conversions and subscription payment systems.

The acquisition also follows Ripple's resolution of its four-year legal battle with the U.S. Securities and Exchange Commission (SEC), as reported in a Yahoo Finance article, allowing the firm to refocus on product development and market expansion. Ripple's stablecoin, RLUSD, has surpassed $1 billion in market capitalization, BeInCrypto reported, further solidifying its role in institutional settlements. Meanwhile, XRP remains the fourth-largest cryptocurrency by market cap, despite recent price volatility.

Ripple's strategy underscores a broader industry trend of traditional finance firms adopting blockchain solutions. With 75+ global regulatory licenses and deep integrations with compliance providers like Chainalysis, the company aims to bridge gaps between legacy systems and decentralized finance. As corporates increasingly enter the crypto space, Ripple's expanded custody and payments capabilities position it to capture a significant share of the institutional market.