Ripple, a prominent cryptocurrency firm, has announced its acquisition of Fortress Trust, a financial institution that offers Web3 financial, regulatory, and technology infrastructure for blockchain innovators. 

With a focus on providing back-end infrastructure for payments, asset tokenization, and other services, Fortress Trust serves a wide range of clients, from Fortune 500 businesses to fintech startups, enabling them to launch and scale blockchain-based services efficiently.

Ripple Broadens Licensing Portfolio Through Fortress Trust Purchase

Ripple’s CEO, Brad Garlinghouse, expressed enthusiasm for the acquisition, highlighting the prior relationship between the two companies as early investors in Fortress Blockchain Technologies. Garlinghouse stated: 

As an early …