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Fortune
Fortune
Ben Weiss

Ripple acquires Fortress Trust, its second acquisition in 2023 after buying Metaco for $250 million

Ripple SEC Crypto XRP

Ripple announced on Friday that the crypto firm, perhaps best known for its ongoing fight with the Securities and Exchange Commission, acquired Fortress Trust, a crypto company with a financial license in Nevada.

The details of the acquisition were not disclosed, but a spokesperson for Ripple said it bought Fortress Trust, a subsidiary of Fortress Blockchain Technologies, with a mix of cash and equity.

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