News Explorer — Ripple Pulls Out of Fortress Trust Acquisition

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Sep 28, 9:13 pm

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Ripple Pulls Out of Fortress Trust Acquisition

Ripple has decided not to proceed with its planned acquisition of financial technology firm and crypto custodian Fortress Trust. Ripple CEO Brad Garlinghouse confirmed the change in plans, stating that Ripple will remain an investor in Fortress. The decision was made due to an internal disagreement over business priorities for Ripple, but both companies maintain a strong relationship and hope to work together in the future.

Ripple has decided not to proceed with its planned acquisition of financial technology firm and crypto custodian Fortress Trust. Ripple CEO Brad Garlinghouse confirmed the change in plans, stating that Ripple will remain an investor in Fortress. The decision was made due to an internal disagreement over business priorities for Ripple, but both companies maintain a strong relationship and hope to work together in the future.

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