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in Tech

Ripple buys crypto infrastructure startup in its second acquisition of 2023

by Editor September 8, 2023, 10:32 pm 1.7k Views

Ripple buys crypto infrastructure startup in its second acquisition of 2023

Cryptocurrency company Ripple announced on Friday it will acquire Fortress Trust, a startup specializing in crypto infrastructure, giving it a license in Nevada and allowing it to expand beyond its core bread and butter of blockchain-enabled payments.

Ripple did not disclose the terms of the deal.

Founded in 2021 by Scott Purcell, an entrepreneur with a background in equity and debt crowdfunding, Fortress Trust aims to help large enterprises…

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Posted by Editor

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