Ripple abandons Fortress Trust deal after covering $15M loss related to security breach

Ripple has abandoned a deal that could have seen it acquire the financial infrastructure firm Fortress Trust, according to a statement on Sept. 28. Ripple CEO Brad Garlinghouse said in a tweet: “A few weeks ago, we signed a letter of intent to acquire Fortress Trust — we’ve since made the decision not to move forward […] The post Ripple abandons Fortress Trust deal after covering $15M loss related to security breach appeared first on CryptoSlate.

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Ripple Continues Its Acquisitive Streak With Deal To Acquire Crypto Infrastructure Startup Fortress Trust

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Ripple acquires Fortress Trust; will XRP jump out of its slump?

Ripple’s latest acquisitions underscore its plans to tap into institutional liquidity. XRP remains downcast despite a bullish-centric sentiment shift. Ripple is starting to gain momentum iThe post Ripple acquires Fortress Trust; will XRP jump out of its slump? appeared first on AMBCrypto.

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Ripple Expands Its Arsenal: Fortress Trust Joins The Acquisition Lineup

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.

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Ripple acquires Nevada-based trust company to expand US licensing

Blockchain firm Ripple has acquired Fortress Trust, a chartered trust company in Nevada, adding to its existing roster of regulatory licenses across multiple U.S. states. Ripple, a blockchain firm, has expanded its reach with the acquisition of Fortress Trust, a…

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Ripple’s acquisition of Fortress Trust adds to company’s regulatory licenses

Ripple has reportedly completed its acquisition of web3-focused company Fortress Trust for an undisclosed sum. On Sept. 6, the crypto company revealed that it had agreed to purchase the Nevada-based chartered trust company.

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Ripple acquires Fortress Trust, expands license portfolio in the US

Fortress holds a Nevada Trust license for asset custody. Ripple holds more than 30 licenses across the United States.

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Ripple acquires crypto-focused chartered company Fortress Trust

Ripple has acquired Fortress Trust, a chartered trust company and financial institution focused on cryptocurrencies. The news follows the enterprise crypto company’s recent announcement that it had agreed the acquisition for the Web3 provider.

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Ripple Unveils New Mega Deal

San Francisco-based blockchain company Ripple is set to acquire Fortress Trust

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Ripple Acquires Crypto-Focused Chartered Trust Company Fortress Trust

A person with knowledge of the matter said the figure was less than the $250 million price tag for custody firm Metaco, which Ripple acquired in May.

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Yield App Review: Features, Fees, Referral Program, Pros, Cons

Introduction In a world awash with crypto platforms, Yield App emerges as a beacon of innovation and security. This digital fortress is not just another DeFi platform; it’s a crypto super-app that has already won the trust of over 90,000 users globally.

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Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal

Prime Trust payment subsidiary Banq files for bankruptcy, citing “unauthorized’ asset transfers to Fortress NFT Group.

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Former Signature Bank Crypto Payments Chief, 4 of His Team Join Fortress Trust

Joseph Seibert, formerly head of its digital assets at Signature Bank, has brought over part of his risk and compliance team and a blockchain payments specialist.

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