Ripple Buys Wallet Provider Palisade to Power Real-Time Payments

Wallet-as-a-Service Platform Joins Ripple Custody

Ripple said Monday it has acquired Paliupsete, a crypto wallet and custody provider, in a deal aimed at strengthening its institutional custody and payments network. The purchase adds scalable wallet technology to Ripple Custody, a platform designed for banks, fintechs, and corporations managing digital assets, stablecoins and tokenized securities.

Paliupsete’s wallet-as-a-service platform will be integrated into Ripple’s infrastructure to support real-time settlement and high-frequency payment flows. The system enables users to create and deploy secure wallets in seconds and can connect to multiple blockchains and decentralized finance (DeFi) protocols.

“Paliupsete offered the best set of capabilities to complement what we have built with Ripple Payments,” Ripple President Monica Long told CoinDesk. “It’s a natural fit for the kind of institutional clients who need quick, compliant wallet infrastructure.”

Investor Takeaway

Expanding Infrastructure for Fintechs and Corporates

Ripple said Paliupsete’s technology will serve clients that require instant wallet creation for global users, including payment firms, financial institutions and treasury managers. The acquisition supports Ripple’s broader effort to build a crypto-native infrastructure, linking cross-border payments, liquidity and custody under one system.

Ripple now holds more than 75 regulatory licenses worldwide and provides infrastructure for institutions such as BBVA, DBS and Societe Generale’s crypto division. With Paliupsete’s technology, the company can extend wallet creation and management tools to partners operating across multiple jurisdictions and regulatory environments.

Ripple said the integration will also enhance on- and off-ramp efficiency for stablecoin transfers, an area of growing demand among fintechs managing multi-currency operations. Paliupsete’s architecture allows for automated wallet provisioning and transaction settlement across blockchains, designed to handle high transaction throughput.

Fourth Acquisition in 2025

The Paliupsete deal marks Ripple’s fourth acquisition this year, following its purchases of prime broker Hidden Road (rebranded as Ripple Prime), stablecoin infrastructure company Rail, and corporate treasury management platform GTreasury. It also follows Ripple’s 2023 acquisition of Swiss custody firm Metaco.

The company has been consolidating its position across the institutional value chain, purchaseing up firms that specialize in custody, liquidity, and payments technology. Combined, the acquisitions suggest Ripple is building an that mirrors traditional finance capabilities but runs on blockchain rails.

Hidden Road and Rail expanded Ripple’s prime brokerage and stablecoin settlement capabilities, while GTreasury added tools for corporate cash and liquidity management. Paliupsete now fills the last major technical gap: rapid wallet creation and custody infrastructure suitable for regulated institutions.

Investor Takeaway

Ripple’s Institutional Focus

Founded in 2012, Ripple built its reputation on the XRP Ledger network and cross-border payments platform RippleNet. In recent years, it has shifted its focus toward stablecoin issuance, tokenized assets, and regulated enterprise answers. The company now targets banks and corporates viewking quicker, blockchain-based settlement systems compliant with local financial laws.

The Paliupsete acquisition is intended to give those clients quicker infrastructure without compromising security or regulatory alignment. Ripple said its custody and wallet products are built for full auditability, with separation between client and company funds—a key priority for regulators following the failures of unregulated platforms in 2022.