Ripple Acquires Palisade to Expand Digital Asset Custody

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.

Ripple Acquires Standard Custody & Trust Company

February 13, 2024

Financial Services

Ripple has agreed to acquire Standard Custody & Trust Company, an institutional-grade digital-asset custody and trust platform (a subsidiary of PolySign, Inc.), to expand its portfolio of regulatory licenses and strengthen its custody and payments capabilities. The deal brings Standard Custody’s limited-purpose trust charter and money transmitter licenses into Ripple’s regulatory footprint; closing is subject to regulatory approvals and standard conditions.

Talos Acquires Cloudwall

April 25, 2024

Software

Talos has acquired Cloudwall, a US- and Singapore-based developer of digital asset risk management technology, to enhance its portfolio management system (PMS) for institutional clients. The acquisition adds Cloudwall's risk and portfolio analytics capabilities to Talos's institutional trading platform, accelerating development of next-generation PMS tools across spot, futures, perps and options.

Citizens Financial Group Acquires Select Assets of Paladin Advisors

July 14, 2022

Financial Services

Citizens Financial Group has agreed to purchase select assets and liabilities of Paladin Advisors, an independent registered investment advisor headquartered in Kensington, New Hampshire. The acquisition will fold Paladin into Clarfeld | Citizens Private Wealth, expanding Citizens' geographic presence and adding Paladin's investment allocation capabilities to its wealth management platform.

Chimera Investment Corporation Acquires Palisades Group

December 2, 2024

Financial Services

Chimera Investment Corporation completed the acquisition of Palisades Group, a U.S.-based alternative asset manager specializing in residential real estate credit, on December 2, 2024. Chimera paid $30 million in cash at closing with an additional earnout of up to $20 million contingent on performance; Palisades' co-founder Jack Macdowell Jr. joined Chimera as Chief Investment Officer.

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.