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 <h2 id="strong-what-makes-the-deal-unique-strong"><strong>What Makes the Deal Unique?</strong></h2> 
 <p><span style="font-weight: 400">The acquisition of Fortress Trust, a firm that is a part of the Fortress IO Group of companies comes as the very first of such moves from the payments firm since it snatched a historic partial win against the United States Securities and Exchange Commission (SEC) back in July when Judge Analisa Torres </span><span style="font-weight: 400">ruled</span><span style="font-weight: 400"> that the trading of XRP to retail investors on secondary marketplaces does not constitute an investment contract.</span></p>  
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 <p><span style="font-weight: 400">This acquisition is well-timed and it will see Fortress Trust use its growing enterprise crypto business to boost Ripple’s growth and expansionary roadmap. As a startup with promises, Ripple Labs was one of the first investors in Fortress Trust, a situation that has further integrated the leadership of both firms.</span></p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">Today, we are announcing intent to acquire Fortress Trust, part of the @Fortress_io suite of companies. Fortress Trust’s financial and regulatory infrastructure complements and expands <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>’s comprehensive portfolio of blockchain solutions for finance. https://t.co/LIl3cPEur2</p> 
  <p>— Ripple (@Ripple) September 8, 2023</p>  
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 <p></p> 
 <p><span style="font-weight: 400">With Fortress Trust making its debut in 2021, Brad Garlinghouse, the Chief Executive Officer of <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> Labs acknowledged that since their launch, the Fortress team has “built an impressive business with recurring revenue and a strong roster of both crypto-native and new-to-crypto customers,” and as such, positions <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> to continue to help bootstrap the startup’s potentials.</span></p>  
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 <p><span style="font-weight: 400">The financial commitment of the deal remains undisclosed but from indications, Fortress Trust will also be able to benefit from the robust network that <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> has built as a dominant player in the remittance ecosystem.</span></p> 
 <h2 id="strong-expanding-ripple-ecosystem-strong"><strong>Expanding Ripple Ecosystem</strong></h2> 
 <p><span style="font-weight: 400">Just like the saying, ‘Fortune favors the Bold,’ <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> is now benefiting from its decision to fight the SEC’s regulation by enforcement tactics. With the odds now appearing to be in its favor, <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> has started expanding its ecosystem with recent acquisitions </span><span style="font-weight: 400">spanning</span><span style="font-weight: 400"> institutional custody service provider, Metaco.</span></p> 
 <p><span style="font-weight: 400">The company is also growing its partnerships with both mainstream payment services providers like SWIFT and WestPac as well as with countries such as the Republic of Palau and Bhutan. With its current tempo, <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> is on track to become the true behemoth of the Web3.0 and blockchain-based fintech world.</span></p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/just-in-ripple-announces-its-latest-acquisition-tbt62091.html">https://thebittimes.com/just-in-ripple-announces-its-latest-acquisition-tbt62091.html</a></p>

Just In: Ripple Announces Its Latest Acquisition

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