Расширение возможностей: Ripple приобретает Palisade для укрепления позиций в финтехе Translation: Expanding Capabilities: Ripple Acquires Palisade to Strengthen Its Position in Fintech

The fintech firm Ripple has acquired the developer of custodial solutions, Palisade. This acquisition will enable Ripple Custody to expand its offerings to a wider range of clients.

Originally, the service was aimed at banks and financial institutions dealing with digital assets, stablecoins, and RWAs. By purchasing Palisade, Ripple will be able to cater to fintech companies, crypto enterprises, and other corporations. Palisade’s «wallet-as-a-service» technology is ideal for rapid and frequent transactions.

«Corporations will be the driving force behind the next wave of cryptocurrency adoption. Just like banks, they are entering the market and require licensed partners with ready-made solutions,» stated Ripple President Monica Long.

She further mentioned that the integration of Ripple’s custody with Palisade’s wallet will create a comprehensive solution for institutional clients, encompassing everything from long-term storage to global payments.

Palisade’s architecture is founded on multi-party computation (MPC) technology and a zero-trust framework. MPC divides wallet keys into several pieces, while zero-trust necessitates stringent verification for every user and device.

Palisade’s technology will also be integrated into Ripple Payments for swift transactions, including subscriptions.

Ripple Custody is already utilized by institutions such as Absa Bank, BBVA, DBS, and the SG-FORGE division of Societe Generale.

Ripple has launched initial brokerage services for institutional clients in the U.S., allowing them to execute over-the-counter (OTC) trades with dozens of digital assets, including XRP and RLUSD.

This new offering stems from the acquisition of prime broker Hidden Road. Ripple has combined its solutions and licenses under the brand Ripple Prime, granting institutions access to the currency market, digital assets, derivatives, swaps, and fixed-income instruments.

According to Michael Higgins, Global CEO of Ripple Prime, the launch of OTC trading complements the company’s existing services in derivatives, providing U.S. institutions with a comprehensive solution for their trading strategies.

As a reminder, in October, Ripple announced its acquisition of treasury management system provider GTreasury for $1 billion, aiming to enter the crypto treasury segment.