Ripple Acquires Palisade to Strengthen Digital Wallet Business, Like This Project!

Jakarta, Pintu News – Leading blockchain company Ripple recently announced the takeover of Palisade, a digital asset wallet and storage infrastructure company. The acquisition is part of Ripple’s strategy to expand its storage business beginning in October 2024.

Palisade, known for its ability to provide wallets in bulk with multi-chain support, has integrated with XRP Ledger . This move is expected to strengthen Ripple’s position in providing wallet-as-a-service solutions at enterprise scale.

Ripple’s Acquisition Strategy

Ripple has invested over $4 billion in a series of acquisitions and investments to expand its reach and capabilities in the blockchain industry. With the takeover of Palisade, Ripple is not only adding assets to its portfolio but also technology that can support next-generation payment and storage infrastructure. This shows Ripple’s commitment to improving financial services through blockchain innovation.

In recent months, Ripple also acquired GTreasury, a treasury management company, for an acquisition value of $1 billion. This move was followed by the purchase of Hidden Road which was later integrated and known as “Ripple Prime”. These acquisitions demonstrate Ripple’s focus on providing broader and more integrated financial solutions.

Also read: Nick Szabo opens up about the future of Bitcoin (BTC), what does he say?

Palisade and its Wallet Technology

Palisade is known for its wallet-as-a-service platform that enables quick and efficient launch of digital wallets. The technology supports various blockchains, easing integration with existing systems such as XRP Ledger (XRP). With Palisade technology, Ripple hopes to offer better and more secure solutions to its business customers around the world.

The integration of Palisade’s technology into Ripple will strengthen Ripple’s storage and payment services, making them more competitive in the global market. It also marks an important step in Ripple’s vision to build a more inclusive and efficient financial ecosystem through the utilization of blockchain technology.

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Reference

• U.Today. Ripple Announces Yet Another Major Acquisition. Accessed on November 5, 2025
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