Ripple announces acquisition of crypto wallet and custody service company Palisade

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Ripple announced the acquisition of Palisade, a crypto wallet and custody service company, to expand its institutional payments and asset custody business. Palisade's Wallet-as-a-Service platform will be integrated into Ripple Custody, providing banks and enterprises with rapidly deployable, multi-chain-enabled wallet solutions that can connect to DeFi protocols, meeting their needs for stablecoin payments, crypto assets, and tokenized asset management. (CoinDesk)

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