Odaily Planet Daily News Ripple acquired Fortress Trust, a chartered trust company focusing on cryptocurrency and Web3. The financial terms of the acquisition were not disclosed. But people familiar with the matter said the price was lower than the $250 million it paid hosting company Metaco in May. (CoinDesk)
According to previous news, Ripple spent $250 million to acquire Metaco, a Swiss-based cryptocurrency custody company. The acquisition will allow Ripple to expand its offerings by integrating its technology into the custody, issuance and settlement of tokenized assets.