King & Spalding advised Ripple Labs Inc. (“Ripple”), a financial technology company that offers crypto solutions for businesses, in its acquisition Palisade Financial Group Ltd. (“Palisade”), a London-based digital asset custody and wallet infrastructure provider.

The acquisition will significantly expand Ripple’s custody capabilities to directly serve the core needs of fintechs, crypto-native firms, and corporates.

A press release announcing the transaction can be found here.