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Ripple, a leading enterprise crypto company, has acquired Fortress Trust, a subsidiary of Fortress Blockchain Technologies, to expand its position in the cryptocurrency market and bolster its regulatory credentials. The acquisition follows Ripple’s purchase of crypto custody firm Metaco, solidifying its position in the cryptocurrency market. Fortress Trust’s Nevada Trust license expands Ripple’s regulatory credentials, complementing existing licenses.Ripple offers a wide range of services, including cross-border payments, liquidity management, tokenization, and CBDCs, serving clients across the globe. Brad Garlinghouse, CEO of Ripple, expressed his enthusiasm for the long-standing association with Fortress Blockchain Technologies and highlighted how the Fortress team has demonstrated remarkable growth in both the crypto-native and crypto-curious customer sectors since its inception in 2021.Monica Long, President of Ripple, emphasized the importance of these licenses in delivering prime customer experiences and positioning Ripple as a comprehensive solution for enterprises venturing into blockchain-based value transactions worldwide. Scott Purcell, CEO of Fortress Blockchain Technologies, expressed optimism for the future, applauding the acquisition as a testament to the progress his team has made in a short period.Ripple’s acquisition of Fortress Trust marks a significant development in the cryptocurrency world. With an expanded range of services and strengthened regulatory credentials, Ripple is well-positioned to lead the way in blockchain-based value transactions globally.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	10
People	Brad Garlinghouse, Monica Long, Scott Purcell
Companies	Monetary Authority of Singapore, Ripple, Fortress Blockchain Technologies, Metaco, Fortress Trust
Currencies	None
Securities	None