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Leading Enterprise Crypto Company Ripple Acquires Fortress Trust

PRIVATESep 08, 2023

Acquiring Company

Ripple

Acquired Company

Fortress Trust

San FranciscoInformation TechnologyFinancial ServicesAdvertisingFinanceFintechBlockchainCryptocurrencyLendingMarketingFinancial ServicesFintechBlockchainCryptocurrency

Description

Ripple, the leader in enterprise blockchain and crypto solutions, announced today it has agreed to acquire Fortress Trust, a subsidiary of Fortress Blockchain Technologies. Fortress Trust is a financial institution that provides licensed Web3 financial, regulatory and technology infrastructure for blockchain innovators.

Quick answer

Ripple is acquiring Fortress Trust, announced September 8, 2023. Ripple is based in San Francisco, California, United States.

How much did Ripple pay for Fortress Trust?
The deal value was not disclosed.
What does Ripple do?
Ripple is an enterprise crypto and blockchain company.
Where are Ripple and Fortress Trust based?
Ripple is based in San Francisco, California, United States.
Who are the decision-makers at Ripple?
Fundz holds 3 contacts at Ripple. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Ripple

Location

600 Battery Street

San Francisco, California, United States

About

Ripple is an enterprise crypto and blockchain company. It builds crypto solutions that let financial institutions, businesses, governments and developers store, move and exchange value. Ripple has more than 1,000 employees and 15+ offices, and serves customers in 90+ countries.

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Frequently asked

Who acquired Fortress Trust?

Fortress Trust was acquired by Ripple, based in San Francisco. The deal was reported on September 8, 2023. Ripple is an enterprise crypto and blockchain company. It builds crypto solutions that let financial institutions, businesses, governments and developers store, move and exchange value. Ripple is privately held and operates in Information Technology.

When did Ripple acquire Fortress Trust?

Ripple's acquisition of Fortress Trust was reported on September 8, 2023. Ripple, the leader in enterprise blockchain and crypto solutions, announced today it has agreed to acquire Fortress Trust, a subsidiary of Fortress Blockchain Technologies. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Fortress Trust do?

It is privately held, operating in Financial Services.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.