Ripple acquires Palisade to expand into multi-chain custody and wallet infrastructure, deepening its institutional crypto and European regulatory reach.
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Ripple Labs secured $500 million from Fortress Investment Group and other investors, reaching a $40 billion valuation as its RLUSD stablecoin crosses $1 billion in market cap.
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Ripple's RLUSD stablecoin surpassed $1 billion market cap less than a year after launch, driven by institutional adoption and humanitarian partnerships.
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What to know Ripple acquired Palisade, a digital asset wallet firm, expanding its institutional custody offerings. The acquisition is part of Ripple’s $4B investment streak in 2025. Wallet-focused projects like Best Wallet ($BEST) may benefit from rising demand for secure, multi-chain wallets.
Ripple has expanded its European footprint by joining forces with Spanish banking giant BBVA to introduce a digital asset custody service. Announced on Sept. 9, the initiative extends Ripple’s institutional custody platform into Spain, giving BBVA the tools to store and manage cryptocurrencies and tokenized assets securely.