Founded in 2022, Palisade’s lightweight “wallet-as-a-service” technology combines Multi-Party Computation (MPC) and zero-trust architecture with fast wallet provisioning, multi-chain support, and DeFi integration.
The acquisition enables Ripple to serve a broader set of customers and use cases, catering for those who need an out-of-the-box solution ideal for high-frequency transactions, on- and off-ramps and payments.
Monica Long, president of Ripple, says: “Corporates are poised to drive the next massive wave of crypto adoption and they need trusted, licensced partners with out-of-the-box capabilities. The combination of Ripple’s bank-grade vault and Palisade’s fast, lightweight wallet makes Ripple Custody the end-to-end provider for every institutional need, from long-term storage to real-time global payments and treasury management.”
