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Ripple Acquires Crypto-Focused Chartered Trust Company Fortress Trust

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A person with knowledge of the matter said the price tag was less than the $250 million it paid for custody firm Metaco in May.

Blockchain firm Ripple has acquired Fortress Trust, a Nevada-based chartered trust company with a crypto and Web3 focus, the company said in an email on Friday.

Financial terms for the acquisition were not disclosed.

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