News Explorer — Ripple Acquires Nevada-Based Fortress Trust

Coindesk

Ripple Acquires Nevada-Based Fortress Trust

Ripple has acquired Fortress Trust, a Nevada-based chartered trust company with a focus on crypto and Web3. The financial terms of the acquisition were not disclosed, but it is said to be less than the $250 million Ripple paid for custody firm Metaco. This acquisition adds Nevada to Ripple’s list of regulatory licenses, further strengthening its position as a one-stop shop for enterprises in the blockchain space.

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Sep 8, 8:00 am

Coindesk

Ripple Acquires Nevada-Based Fortress Trust

Ripple has acquired Fortress Trust, a Nevada-based chartered trust company with a focus on crypto and Web3. The financia… Read Summary

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