Did Ripple Just Get Stronger in the U.S. by Acquiring Fortress Trust? š¤©
#Ripple has boosted its U.S. presence by acquiring Fortress Trust, expanding its regulatory licenses.
#Fortress Trust, with a Nevada Trust license for asset custody, complements Rippleās licenses in over 30 U.S. states. Ripple, known for its money transmitter licenses and BitLicense in New York, aims to enhance customer experiences through these acquisitions.
Ripple initially invested in Fortress in 2022 and plans to invest in its parent company and affiliated firm. This move follows Rippleās trend of #expansion , including its acquisition of Metaco in May 2023, as it anticipates a wave of crypto industry acquisitions in the coming year.
