Ripple Ensures Customer Security Amid Acquisition Transition
As reported in a news article, Ripple, a prominent player in cryptocurrency payments, has intervened to mitigate the financial losses suffered by clients of Fortress Trust, a blockchain infrastructure-focused startup. According to Fortress Trust, the incident was caused by a security vulnerability involving a third-party vendor’s compromised cloud tools. Ripple, already a minority investor in Fortress, […]
Ripple’s Fortress Trust Acquisition Expands US Licensing
Fortress possesses a Nevada Trust license, enabling them to provide asset custody services, whereas Ripple holds in excess of 30 licenses spanning various jurisdictions within the United States. Ripple, a financial technology company, has announced its intention to acquire Fortress Trust to acquire additional regulatory licenses in the United States. This development was disclosed in […]