Ripple’s 2025 deal spree hit $4 billion with its purchase of custody firm Palisade, expanding its institutional wallet and storage infrastructure.
Posted November 4, 2025 at 8:51 am EST.
Ripple acquired custody and wallet technology firm Palisade on Monday, bringing its total 2025 investments to approximately $4 billion. The company disclosed financial terms were not released.
The acquisition follows Ripple’s purchase of prime broker Hidden Road for $1.25 billion in April and stablecoin platform Rail for $200 million. Last month, the company acquired GTreasury for $1 billion to access the corporate treasury market. Ripple President Monica Long said that corporates will drive the next wave of crypto adoption.
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Palisade will expand Ripple’s custody capabilities for fintechs, crypto-native firms and corporates. Palisade Wallets provides a flexible API enabling rapid integration of multi-party computation wallet technology, while Palisade Custody offers institutional-grade storage for digital assets.
The firm maintains deep integrations with XRP, Solana and Ethereum. Ripple emphasized the combination of its bank-grade vault and Palisade’s lightweight wallet creates an end-to-end solution for institutional needs.
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