Ripple Acquires Fortress Trust
September 8, 2023
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.
- Buyers
- Ripple
- Targets
- Fortress Trust
- Sellers
- Fortress Blockchain Technologies
- Industry
- Financial Services
- Location
- Nevada, United States
- Transaction Type
- Buyout
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