Ripple Expands US Licensing Footprint With Acquisition of Nevada's Fortress Trust

Ripple acquires Fortress Trust, expands license portfolio in Nevada
Fortress holds asset custody license from Nevada
Ripple now holds over 30 licenses for money transmission across US
Acquisition complements Ripple's business and product roadmap
Ripple accelerating deals amid crypto bear market after Metaco purchase

cointelegraph.com

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8/24/2023

Digital Euro Association Celebrates Ripple Membership in Mastercard CBDC Program

The Digital Euro Association has acknowledged Ripple's partnership with Mastercard in the CBDC Partner Program, recognizing Ripple's efforts in building government-backed stablecoins and expressing excitement about their involvement.

8/27/2023

Uphold Vault: XRP Community to Get Exclusive Early Access

Uphold CEO Simon McLoughlin discusses the impact of the SEC vs. Ripple case, upcoming product launches including Uphold Vault, and plans for institutional and enterprise adoption.

9/12/2023

Ripple at a Crossroads: Recent Events Prompt Consideration of Decentralization

Ripple's legal victory provides an opportunity for the company to chart a new course and ignite a new era, but it must address its centralized structure and embrace decentralization to build a thriving ecosystem.

9/13/2023

Ripple CEO: U.S. Worst for Crypto Due to SEC Lawsuits, Recommends Singapore and Europe for Friendlier Policies

Ripple CEO Brad Garlinghouse believes that the United States is currently the worst place to launch a cryptocurrency startup, pointing to countries like Singapore, the UK, the UAE, and Switzerland as examples of jurisdictions with more favorable crypto policies. He also criticizes the SEC for its lawsuits against the industry and suggests that recent court wins for Ripple and Grayscale may indicate a shift in the court's perspective. Despite the US being a big market for Ripple, Garlinghouse says the company is expanding services to countries that better understand the potential benefits of blockchain technology.

9/13/2023

Ripple Acquires Fortress Trust After $15M Bitcoin Breach

Ripple's acquisition of Fortress Trust was expedited due to a security breach involving a third-party vendor, which led to Ripple stepping in to compensate customers who lost $12-15 million in the incident.

9/28/2023

Ripple Pulls Out of Fortress Acquisition After Security Breach, Remains Investor

Ripple has decided to back out of its acquisition of Fortress Trust, but will remain an investor in the company's parent company; the decision comes after a security incident involving a third-party analytics vendor resulted in a loss of $12-15 million.

10/4/2023

Ripple Receives Full License to Operate in Singapore, Expands Presence in Asia-Pacific

Ripple has obtained a major payments institution license in Singapore, allowing it to continue providing regulated crypto payment services in the Asia-Pacific region, which is one of its fastest-growing markets.

10/4/2023

Ripple Secures Major Payments License in Singapore, Bolstering Asia Pacific Presence

Ripple's Singapore arm has obtained a license as a major payments institution from the Monetary Authority of Singapore, allowing it to continue offering digital payment token services in the region, while also winning a significant victory against the U.S. Securities and Exchange Commission in its legal battle.

10/4/2023

Ripple Granted Full Payments License in Singapore, Cementing Status as Asia Pacific Hub

Ripple has received a full digital payment tokens license from the Monetary Authority of Singapore, allowing it to continue operations and prioritize the Asia Pacific for adoption of its crypto-backed products.

Topics

Posted 9/8/2023, 5:01:12 PM

Ripple Expands US Licensing Footprint With Acquisition of Nevada's Fortress Trust

Ripple acquires Fortress Trust, expands license portfolio in Nevada
Fortress holds asset custody license from Nevada
Ripple now holds over 30 licenses for money transmission across US
Acquisition complements Ripple's business and product roadmap
Ripple accelerating deals amid crypto bear market after Metaco purchase

cointelegraph.com

Relevant topic timeline:

8/24/2023

Digital Euro Association Celebrates Ripple Membership in Mastercard CBDC Program

8/27/2023

Uphold Vault: XRP Community to Get Exclusive Early Access

Uphold CEO Simon McLoughlin discusses the impact of the SEC vs. Ripple case, upcoming product launches including Uphold Vault, and plans for institutional and enterprise adoption.

9/12/2023

Ripple at a Crossroads: Recent Events Prompt Consideration of Decentralization

9/13/2023

Ripple CEO: U.S. Worst for Crypto Due to SEC Lawsuits, Recommends Singapore and Europe for Friendlier Policies

9/13/2023

Ripple Acquires Fortress Trust After $15M Bitcoin Breach

9/28/2023

Ripple Pulls Out of Fortress Acquisition After Security Breach, Remains Investor

10/4/2023

Ripple Receives Full License to Operate in Singapore, Expands Presence in Asia-Pacific

10/4/2023

Ripple Secures Major Payments License in Singapore, Bolstering Asia Pacific Presence

10/4/2023

Ripple Granted Full Payments License in Singapore, Cementing Status as Asia Pacific Hub