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Fortress Trust

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?

Founded2022
HQNevada, USA
FoundersScott Purcell
IndustryInfrastructure / BaaS
The story

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.

Last 12 months
Product timeline
2022
Fortress Trust Company launched as a Nevada State Chartered Trust Company, partnering with Treasury Prime and BankProv to offer BaaS-powered fiat and crypto infrastructure for Web3 builders.· banking
2022
Alloy partnership announced to power KYB/KYC compliance workflows for Fortress platform integrators.· banking
2022
Plaid processor token partnership launched, enabling ACH funding and bank account verification for Fortress Trust custody and fiat on/off-ramp products.· banking
2023
Fortress Trust acquired by Ripple Labs, expanding Ripple's enterprise crypto custody and infrastructure capabilities.· acquisition
Regulated entities
1
regulatory licence held by Fortress Trust
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Fortress Trust’s embedded-finance stack
Money movement
ACHWire
Banking / BaaS
in the full report
Open banking
in the full report
Sponsor bank
in the full report
Crypto
in the full report
Accounting gap: none
4 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.