XRP News Today: Secure Custody Unlocks Crypto Economy: Ripple's Strategic Move

Ripple, the XRP-linked fintech giant, has acquired Palisade, a digital wallet and custody firm, to bolster its institutional crypto services, marking another strategic move in its aggressive expansion into the institutional crypto infrastructure space. The acquisition, announced on November 3, 2025, will integrate Palisade's wallet-as-a-service (WaaS) technology into Ripple's custody and payments platforms, enabling clients to manage digital assets, stablecoins, and tokenized real-world assets with enhanced security and scalability, according to a Yahoo Finance report.

Palisade's technology, which includes multi-party computation (MPC) and multi-blockchain support, is designed to address high-speed use cases such as on- and off-ramps, enterprise payment flows, and real-time treasury operations, according to a Crypto.News article. Ripple President Monica Long emphasized that the deal strengthens its position as a "bank-grade" custodian for corporates and financial institutions, noting that "secure digital asset custody unlocks the crypto economy," the Yahoo Finance report said. The integration of Palisade's tools into Ripple Custody and Ripple Payments will allow clients to handle everything from long-term storage to high-frequency transactions under a unified system.

This acquisition adds to a string of major deals by Ripple in 2025, including the $1.25 billion purchase of prime broker Hidden Road (rebranded as Ripple Prime), the $200 million acquisition of stablecoin platform Rail, and the $1 billion purchase of treasury management firm GTreasury, according to a CoinDesk report. Collectively, these moves have positioned Ripple to serve a growing cohort of institutional clients, including DBS, BBVA, and Societe Generale–FORGE, which require compliant, scalable solutions for crypto adoption, a Morningstar release noted.

The timing of the Palisade deal is significant, as it follows Ripple's resolution of its four-year legal battle with the U.S. Securities and Exchange Commission (SEC) and a surge in XRP's price to an all-time high earlier this year. While XRP has since retreated to $2.30, its $140.5 billion market capitalization remains among the top four cryptocurrencies, the Yahoo Finance report added. Analysts suggest that Ripple's focus on institutional infrastructure could drive broader adoption as corporations increasingly enter the crypto market, according to a Coinpedia analysis.

Ripple's strategy aligns with a broader industry trend of traditional financial institutions and fintechs seeking secure, regulatory-compliant solutions for digital assets. Palisade's zero-trust architecture and support for decentralized finance (DeFi) protocols further enhance Ripple's ability to compete in this space, the Coinpedia analysis said. With over 75 global regulatory licenses, Ripple aims to bridge traditional finance and blockchain ecosystems, a vision underscored by its recent investments in custody, payments, and treasury management, the Morningstar release noted.