Ripple Adds MPC Wallet Technology With Palisade Purchase

Ripple is taking another step into institutional digital asset services through an agreement to acquire Palisade, a company that provides crypto custody and wallet technology for businesses. The acquisition continues Ripple expansion into corporate digital asset infrastructure following several large deals in recent months.

Good to Know

• Palisade brings multi-party computation security and a zero-trust wallet system.
• Ripple has now directed around $4 billion into mergers, acquisitions, and strategic investments.
• The acquisition follows earlier deals involving GTreasury and Hidden Road in the last month.

Ripple Expands Custody and Wallet Technology

Ripple said the addition of Palisade will strengthen Ripple ability to offer secure storage and transaction support for digital assets, stablecoins, and Real World Assets (RWAs). The focus is on serving financial technology companies, crypto organizations, and large corporations that require compliant and scalable systems for digital asset management.

Palisade technology uses multi-party computation (MPC), which divides wallet keys into separate encrypted fragments. This method is designed to lower the risk of a single point of failure. The platform also uses zero-trust architecture, requiring verification each time a user or device tries to access an asset or wallet function.

Other features include:

1. Creating wallets for customers rapidly
2. Managing assets across multiple blockchains
3. The ability to interact with DeFi platforms for lending or yield activity

Corporations Expected to Lead Next Phase of Adoption

Ripple President Monica Long said that many corporations are beginning to explore digital asset management and require secure systems to operate without building specialized infrastructure from scratch.

Long said:

“Corporates are poised to drive the next massive wave of crypto adoption. Just as we’ve seen major banks go from observing to actively building in crypto, corporates are now entering the market, and they need trusted, licensed partners with out-of-the-box capabilities.”

Her comments reflect a broader movement in global finance where traditional firms are increasingly using blockchain tools for settlement, treasury balance management, and tokenization.

Recent Deal Activity Shows Institutional Strategy

Ripple said it has now spent about $4 billion in strategic investments and acquisitions to build out a full institutional services portfolio.

In the previous month, Ripple purchased GTreasury for roughly $1 billion, bringing cloud-based corporate treasury tools into Ripple offerings. Around the same time, Ripple acquired Hidden Road, a non-bank prime broker, rebranding it as Ripple Prime to support institutional trading.

Industry observers see these moves as part of a long-term transition toward enterprise-grade crypto services, including stablecoin custody, tokenization support, and cross-border settlement.

FAQ

What does Palisade provide?

Palisade offers wallet infrastructure, custody tools, and multi-chain asset management for corporations and financial organizations.

How does MPC improve wallet security?

MPC divides private key material into several encrypted key shards, reducing exposure to theft or internal misuse.

Why is Ripple targeting corporate clients now?

Large firms are increasingly exploring tokenization, on-chain settlement, and digital treasury solutions but require licensed, secure partners.

What recent acquisitions support this strategy?

Ripple recently acquired GTreasury for treasury management services and Hidden Road to build institutional trading support.