A study is presented of the stabilization of gold and palladium nanoparticles (NPs) via a place-exchange reaction. Au and Pd NPs of similar to 3.5 nm were prepared by a conventional method using tetraoctylammonium bromide (TOAB) as the stabilizing agent. The resulting nanoparticles, referred to as Au-TOAB or Pd-TOAB, were later used as templates for the replacement of TOAB ligand with poly(ethylene oxide)-b-polystyrene-b-poly(4-vinylpyridine) (PEO-b-PSb-P4VP) triblock copolymer. This biamphiphilic triblock copolymer was synthesized by atom transfer radical polymerization (ATRP) with control over the molecular weight and polydispersity. The place-exchange reaction was mediated through strong coordination forces between the 4-vinylpyridine copolymer and the metal species located on the surface of the nanoparticles. In addition, the displacement of the outgoing low molecular weight TOAB ligands by high molecular weight polymers is an entropy-assisted process and is believed to contribute to stabilization. The prepared complex, polymer-NP, exhibits greatly improved stability over the metal-NP complex in common organic solvents for the triblock copolymer. Self-assembly in water after ligand exchange resulted in micellar structures of about similar to 20 nm (electron microscopy) with the metal NP found located on the surface of the micelles. The stability of the nanoparticles in water was shown to depend greatly on the grafting density of the copolymer, with high stability (more than 6 months) at high grafting density and low stability, accompanied with irreversible agglomeration, at relatively low grafting densities. The surprising location of the metal NP (for both An and Pd) on the surface of the micelles in water is explained by the fact that, upon self-assembly in THF/water system, the most hydrophobic chains (i.e., PS) undergo self-assembly first at low water content forming the core, followed by the P4VP (whether or not associated with the metal) forming a shell, and finally the PEO forming the corona. In lower metal content assemblies, the P4VP chains located in the shell undergo swelling in an acidic medium causing a substantial increase in micellar corona size, as confirmed by dynamic light scattering measurements. The present study offers a simple approach for the stabilization of various metal nanoparticles of catalytic interest, using a unique polymeric support that can be dispersed in organic solvents as well as aqueous solutions.