Ripple’s $4B Institutional Crypto Expansion via Palisade
Ripple has invested $4 billion in building a full-stack institutional crypto infrastructure. It acquired Palisade, an MPC-based custody and multi-chain wallet provider. The Palisade deal follows earlier purchases of Hidden Road ($1.25B prime brokerage), GTreasury ($1B treasury services) and Rail ($200M stablecoin platform).
These assets integrate into Ripple Payments and Ripple Custody, offering secure long-term storage, multi-party computation wallets and flexible APIs. Ripple supports tokens on Ethereum, Solana and its own XRP Ledger. Institutional custody demand surged over 50% last year, while MPC technology can reduce security risks by up to 90%. By combining digital custody with lightweight wallet-as-a-service, Ripple aims to drive cross-border settlements and broader XRP adoption.
Bullish
Ripple’s strategic acquisitions and $4B investment strengthen its infrastructure for institutional crypto. In the short term, positive market sentiment around enhanced custody solutions and MPC technology is likely to boost XRP trading volumes. Institutional clients seeking secure digital custody may increase demand for XRP-onboarded services, supporting price momentum.
Over the long term, the integration of Palisade’s wallet-as-a-service and multi-party computation with Ripple Payments and Custody could entrench the XRP Ledger as a leading infrastructure for cross-border settlements. This expanded ecosystem reduces operational and security risks for corporates, improving market stability and fostering broader institutional adoption.