Paxos Acquires Fordefi

Ripple Acquires Palisade to Expand Digital Asset Custody

November 3, 2025

Payments & Fintech

Ripple has acquired Palisade, a London-based digital asset wallet and custody technology company, to bolster Ripple Custody with wallet-as-a-service capabilities. The deal integrates Palisade's MPC-based, multi-chain wallet tech into Ripple Payments, expanding Ripple's ability to serve fintechs, corporates, and crypto-native institutions with faster wallet provisioning and high-frequency transaction support.

Ripple Acquires Fortress Trust

September 8, 2023

Financial Services

Ripple has agreed to acquire Fortress Trust, a subsidiary of Fortress Blockchain Technologies, bringing a Nevada trust license and Web3 custody and payments infrastructure into Ripple's enterprise crypto stack. The acquisition expands Ripple's regulatory licenses and capabilities across payments, custody, and tokenization; the deal remains subject to due diligence and regulatory approvals.

Lovell Minnick Partners Acquires Majority Stake in Definiti LLC

February 2, 2023

Financial Services

Lovell Minnick Partners (LMP) has signed a definitive agreement to acquire a majority stake in Definiti LLC, a national retirement services third‑party administrator. The investment will support Definiti's investments in client service, technology and talent and enable continued organic growth and an aggressive add‑on acquisition strategy; terms were not disclosed.

Gemini Acquires Crypto Custody Developer Shard X

June 9, 2021

Cybersecurity

Gemini acquired Shard X, a developer of multi-party computation (MPC) cryptographic technology, and will integrate Shard X’s MPC into Gemini’s multi-site key management and signing infrastructure to speed transfers and support new asset listings. Shard X’s team and technology will join Gemini’s UK affiliate as part of the deal; financial terms were not disclosed.

Talos Acquires Skolem to Connect Institutions to DeFi

May 30, 2024

Financial Services

Talos, a provider of institutional trading technology for digital assets, has acquired Skolem, a DeFi infrastructure and execution technology provider. The acquisition will enable Talos to integrate institutional-grade DeFi access (trading, staking, lending, liquidity provisioning and on-chain data) into its platform to better serve institutional clients.

Offchain Labs Acquires Prysmatic Labs

October 12, 2022

Software

Offchain Labs, developer of the Arbitrum Layer 2 scaling solutions, has acquired Prysmatic Labs, the team behind the Prysm Ethereum proof-of-stake client. The acquisition brings Prysmatic's consensus client development and engineering talent under Offchain Labs to support a more sustainable and scalable Ethereum ecosystem; financial terms were not disclosed.