PANews reported on November 4th that Ripple announced the acquisition of Palisade, a digital asset wallet and custody company, to expand its enterprise-grade crypto custody capabilities. The transaction amount was not disclosed. This acquisition is part of its strategic investment plan of over $4 billion by 2025, following previous acquisitions of Hidden Road ($1.25 billion), Rail ($200 million), and GTreasury ($1 billion).
This acquisition of Palisade will enable Ripple to provide crypto-native institutions, fintech companies, and enterprise clients with complete asset management solutions, ranging from long-term storage to high-frequency trading. Palisade, with its MPC, zero-trust architecture, and multi-chain support, will be directly integrated into the Ripple payment system, improving the efficiency of cross-border payments and fund transfers.

Federal Reserve Governor Stephen Miran argued that stablecoins’ potential multi-trillion dollar growth over the next five years will help push down interest rates. A growing demand for US dollar-tied crypto stablecoins could help push down the interest rate, says US Federal Reserve Governor Stephen Miran.The Donald Trump-appointed Miran told the BCVC summit in New York on Friday that the dollar-pegged crypto tokens could be “putting downward pressure” on the neutral rate, or r-star, that doesn’t stimulate or impede the economy.If the neutral rate drops, then the central bank would also react by dropping its interest rate, he said.Read more

