“Can a Nevada-chartered trust company become the go-to regulated financial infrastructure layer for Web3 builders needing compliant fiat, custody, and token management in one API-first platform?”
Fortress Trust was founded as a Nevada-chartered trust company by crypto and banking veterans to serve as a regulated, compliance-first Web3 infrastructure provider for brands and developers. Rather than competing with consumer wallets, the company positioned itself as a B2B platform offering white-labeled custody, fiat on/off-ramps, NFT infrastructure, and escrow services powered by BaaS partnerships with Treasury Prime and BankProv. The company was acquired by Ripple Labs in 2023, signaling the strategic value of its regulated trust charter and embedded finance infrastructure for enterprise blockchain use cases.
Fortress Trust discloses Treasury Prime as its banking provider, with BankProv as its sponsor bank, according to the Embedded Finance Index 2026.
Fortress Trust does not disclose a bank charter of its own; its banking services are provided through BankProv.
Fortress Trust moves money over ACH and Wire.
Fortress Trust connects to bank accounts through Plaid.
Fortress Trust's crypto products run on Fortress Trust Company (in-house).
The Embedded Finance Index 2026 maps 5 layers in Fortress Trust's stack: Money movement (ACH and Wire); Banking / BaaS (Treasury Prime); Open banking (Plaid); Sponsor bank (BankProv); Crypto (Fortress Trust Company (in-house)).
Fortress Trust was founded by Scott Purcell and is founded in 2022, headquartered in Nevada, USA.
Get a read on where your own stack stands against Fortress Trust and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.