Headline: Ripple Acquires Crypto-Focused Fortress Trust
Deal Type: Acquisition
Acquiring Company: Ripple
Target Company: Fortress Trust
Target Company Services: Trust Company with Crypto
Deal Valuation (if available): n/a
Country of Target: United States
Continent: North America
Target Company Industry: Blockchain
Deal Rationale: Ripple has acquired Fortress Trust, a Nevada-based chartered trust company with a crypto and Web3 focus, expanding its regulatory licenses and capabilities.
Deal Summary: Blockchain firm Ripple has acquired Fortress Trust, a Nevada-based chartered trust company specializing in crypto and Web3, for an undisclosed amount. The acquisition supports Ripple’s aim to provide comprehensive blockchain services to enterprises.