Ripple acquires crypto wallet and custody company Palisade

According to official news, Ripple announced the acquisition of digital asset wallet and custody company Palisade. This acquisition will significantly expand Ripple's asset custody capabilities, enabling it to directly meet the core needs of fintech companies, crypto-native enterprises, and large corporate clients.

Ripple Custody is designed specifically for banks and financial institutions, helping them to custody digital assets, stablecoins, or real-world assets.