TechFlow news, November 4 — Ripple announced the acquisition of Palisade, a digital asset wallet and custody company, further strengthening its custody service capabilities. This acquisition will enable Ripple to offer more comprehensive digital asset solutions to fintech firms, crypto-native businesses, and traditional enterprises.
Palisade's "wallet-as-a-service" technology brings features such as multi-party computation (MPC), zero-trust architecture, and multi-chain support, designed specifically for high-frequency trading and rapid value transfer.
"Secure digital asset custody is the foundation of the crypto economy and a core element of Ripple's product strategy," said Monica Long, President of Ripple. Currently, Ripple Custody is trusted by leading global financial institutions including Absa Bank, BBVA, DBS, and Societe Generale-FORGE.
