“With the acquisition, Ripple aims to provide quickly-deployable wallets to boost fintech and corporate crypto payments, president Monica Long said in an interview.”, — write: www.coindesk.com
Palisade’s wallet-as-a-service platform will be integrated into Ripple Custody, a product designed for banks and corporates handling digital assets, stablecoins and tokenized real-world assets.
Ripple said Palisade brings tools for high-speed, high-frequency use cases — like on- and off-ramps or enterprise payment flows — where users need secure wallets that can be created and deployed quickly. The tech also supports multiple blockchains and can interact with decentralized finance (DeFi) protocols.
Ripple’s broader strategy is to build out a crypto-native alternative to traditional financial infrastructure. That includes cross-border payments, liquidity, stablecoin issuance and, increasingly, the tools needed to manage assets securely. Ripple said it now holds over 75 regulatory licenses globally and supports banks such as BBVA, DBS and Societe Generale’s crypto division.
With acquiring Palisade, Ripple gains the technical plumbing to serve faster-moving customers like fintechs needing instant wallet creation for new users or corporates managing global treasury operations, Ripple President Monica Long told CoinDesk in an interview.
“Palisade offered the best set of capabilities to complement what we have built with Ripple Payments, which has been growing tremendously this year with stablecoin payment proliferation,” Long said.
The acquisition follows Ripple’s 2023 purchase of Swiss custody firm Metaco and three other deals this year: $1.25 billion for prime broker Hidden Road (now Ripple Prime), $200 million for stablecoin payments firm Rail and treasury tech provider GTreasury.
Read more: Ripple Expands US Institutional Offering With Introduction of Digital Asset Spot Prime Brokerage
Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.
View Full Report
The preferred shares, dubbed SATA, are set to carry an initial 12% annual dividend, payable monthly in cash.
- Strive plans to 1.25 million shares of preferred stock dubbed SATA to raise funds for BTC purchases.
- The preferred shares are set to pay a 12% dividend initially, the firm said.
- The offering appears to be an attempt to mirror the capital-raising efforts of bitcoin treasury pioneer Michael Saylor and his Strategy (MSTR).
Read full story