Ripple Strengthens Institutional Crypto Services
Ripple boosts institutional crypto offerings with Palisade acquisition and US prime brokerage launch, payments, and OTC trading services.
Ripple is rapidly positioning itself as a dominant player in institutional crypto services through strategic acquisitions and new service launches.
The company recently acquired crypto custody firm Palisade and launched a digital asset spot prime brokerage in the United States, signaling a strong push to serve banks, fintechs, and corporate clients.
In its latest move, Ripple acquired Palisade, a wallet-as-a-service provider, to integrate its technology into Ripple Custody and Ripple Payments.
This integration strengthens Ripple’s infrastructure for institutional clients, including corporates and fintechs seeking secure and compliant digital asset solutions.
“Corporates are poised to drive the next massive wave of crypto adoption,”
said Ripple President Monica Long, emphasizing the growing role of corporate adoption in crypto’s next phase.
Author's summary: Ripple expands institutional crypto services.
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