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Ripple hits $4B in crypto investments with Palisade buy

The post Ripple hits $4B in crypto investments with Palisade buy appeared com. Ripple has expanded its push into institutional crypto infrastructure with the acquisition of Palisade, a digital-asset custody and wallet technology provider. With this deal, Ripple’s total investments in the crypto ecosystem now hit $4 billion through strategic acquisitions and platform development. Ripple has been actively making acquisitions over the past year. In April 2025, the company acquired Hidden Road, a prime brokerage, for $1. 25 billion, thereby enhancing Ripple’s liquidity capacity and gaining access to institutional trading infrastructure. Later, Ripple purchased Rail, a stablecoin payment platform, for $200 million, enhancing its real-time settlement and cross-border capability. Only a month ago, the company acquired GTreasury, a corporate treasury administration facility, for $1 billion to enter the trillion-dollar corporate treasury market and expand its reach to Fortune 500 companies managing various cash and liquidity systems. Now, with Palisade, Ripple is taking this ambition a step further by integrating custody and wallet technology that allows firms to control their assets in a tightly controlled crypto environment. Ripple acquires Palisade to deepen custody and wallet push The purchase will grant Ripple access to Palisade’s sophisticated multi-chain wallet technology and top-quality custody facility. Palisade’s wallet-as-a-service scheme enables fintechs and businesses of all sizes to store and manage digital assets securely on a platform. Ripple stated in a press release on Monday that the acquisition would enhance its ability to hold and secure digital assets for fintech companies, crypto-focused businesses, and large enterprises across multiple blockchains. The company’s president, Monica Long, stated that corporations are expected to drive the next major phase of cryptocurrency adoption. She explained that by combining Ripple’s highly secure vault system with Palisade’s fast and lightweight wallet technology, the company can now offer institutions a complete solution covering long-term storage, global payments, and treasury management. The purchase also provides Palisade wallets with.

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Frax, IQ launch Korean won-pegged KRWQ on Base amid stablecoin push

Crypto protocols Frax and IQ have partnered to launch KRWQ, a Korean won stablecoin designed to be fully regulatory-compliant amid the country’s stablecoin push. Crypto protocol Frax and AI agent platform IQ have partnered to launch a Korean won stablecoin on the Coinbase-linked Base blockchain. In a statement viewed by Cointelegraph on Thursday, the two companies launched KRWQ, the first fully-backed won stablecoin on Base, alongside a trading pair with the US dollar stablecoin USDC (USDC) on the Aerodrome exchange. The pair also claims KRWQ is the first multichain won-denominated stablecoin, as the token can be transferred across multiple networks using services from crosschain protocols LayerZero and Stargate Finance. Read more.

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