Nevada

Flash

Fortress

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 <p>Blockchain payments firm Ripple is expanding its crypto services footprint with the acquisition of Nevada-based trust company Fortress Trust. The purchase bolsters Ripple’s regulatory footing in the U.S. crypto market.</p> 
 <p><a rel="noopener noreferrer nofollow" title="Fortress Trust" href="https://thebittimes.com/tag/fortress-trust.html">Fortress Trust</a> provides custody, trading, and other services tailored for blockchain companies. <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> took a minority stake in Fortress’ parent last August during a seed financing round.</p> 
 <p><strong>Also read: Thodex Founder Sentenced to 11,196 Years for $2B Crypto Theft&nbsp;</strong></p> 
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 <h2 class="wp-block-heading" id="h-ripple-s-fortress-trust-acquisition-priced-below-that-of-metaco-s-250-million">Ripple’s Fortress Trust acquisition priced below that of Metaco’s $250 million</h2> 
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  <img decoding="async" width="1000" height="600" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="Ripple Price Prediction (XRP): July-End 2023" class="wp-image-88928 ewww_webp" sizes="(max-width: 1000px) 100vw, 1000px" data-src-img="https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp.webp 1000w, https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp.webp 300w, https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp.webp 768w, https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp.webp 380w, https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp.webp 550w, https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp.webp 800w" data-srcset-img="https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp 1000w, https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp 300w, https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp 768w, https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp 380w, https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp 550w, https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp 800w" data-eio="j"> 
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   <img decoding="async" width="1000" height="600" src="https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp" alt="Ripple Price Prediction (XRP): July-End 2023" class="wp-image-88928" srcset="https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp 1000w, https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp 300w, https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp 768w, https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp 380w, https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp 550w, https://cdn.thebittimes.com/images/2023/09/09/d5d6185f5405aef71eb7a964dbc13155.webp 800w" sizes="(max-width: 1000px) 100vw, 1000px"> 
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  <figcaption class="wp-element-caption">
    Source: Crypto News Flash 
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 <p>While purchase terms were undisclosed, the price reportedly falls below the $250 million <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> paid for crypto custody firm Metaco in May. The deal adds a Nevada regulatory license to the firm’s existing BitLicense and 30 state money transmitter registrations.</p> 
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 <p>Ripple President Monica Long said acquiring Fortress Trust advances the company’s goal of becoming a one-stop crypto shop for enterprises. The company is strategically assembling the infrastructure needed for mainstream blockchain adoption.</p> 
 <p><strong>Also read:&nbsp;Tesla’s Surprise Collaboration with McDonald’s Unveils “Cyber Spoons” in China</strong></p> 
 <p>The <a rel="noopener noreferrer nofollow" title="Fortress Trust" href="https://thebittimes.com/tag/fortress-trust.html">Fortress Trust</a> acquisition is one of the strategic ones after <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> won the prolonged lawsuit against the SEC. The SEC filed a lawsuit in 2020 alleging that XRP is a security. However, the blockchain firm stood its ground and fought for over two years to earn justice. While the victory pushed the price of XRP considerably up, it was short-lived, to say the least. Nevertheless, the crypto firm is steadfast in its developments and projects&nbsp;</p> 
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<div class="cs-entry__tags"> 
 <ul> 
  <li>Fortress Trust</li> 
  <li>Ripple</li> 
  <li>xrp</li> 
 </ul> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-expands-crypto-services-with-fortress-trust-acquisition-tbt62096.html">https://thebittimes.com/ripple-expands-crypto-services-with-fortress-trust-acquisition-tbt62096.html</a></p>

Ripple Expands Crypto Services With Fortress Trust Acquisition

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