About Fortress Trust
Fortress Trust is a company based in Las Vegas (United States) founded in 2022 by Scott Purcell was acquired by Ripple in September 2023. It operates as a API-as-a-Product, Managed Services, and FinTech. Fortress Trust has raised $22.5 million across 2 funding rounds from investors including Ripple and Ayon Capital. Fortress Trust offers products and services including Fortress Custody, Payment Rails, and Crypto Liquidity. Fortress Trust operates in a competitive market with competitors including Graph Blockchain, Eightco, p0x labs, BLOCKSMITH&Co. and Bit Origin, among others.
- Headquarter Las Vegas, United States
- Founders Scott Purcell
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Fortress Trust Llc
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Products & Services of Fortress Trust
Fortress Trust offers a comprehensive portfolio of products and services, including Fortress Custody, Payment Rails, and Crypto Liquidity. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Custody services for fiat and digital assets are provided.
Payment processing via bank accounts and crypto is enabled.
Instant crypto conversions with multiple trading pairs are supported.
Funding Insights of Fortress Trust
Fortress Trust has successfully raised a total of $22.5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $22.5 million completed in August 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $22.5M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2022 | Amount | Seed - Fortress Trust | Valuation | Ayon Capital | |
| Jun, 2022 | Amount | Seed - Fortress Trust | Valuation | Ripple |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Fortress Trust
Fortress Trust has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Ripple and Ayon Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple investments are managed by Ayon Capital single-family office.
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Blockchain-based payment network for cross-border transfers is developed.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Fortress Trust
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fortress Trust
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fortress Trust Comparisons
Competitors of Fortress Trust
Fortress Trust operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Graph Blockchain, Eightco, p0x labs, BLOCKSMITH&Co. and Bit Origin, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Private blockchain solutions are offered for data management and intelligence.
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Data-driven technology solutions are provided for diversified industries through acquisitions.
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Blockchain development services are provided by p0x labs.
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Provider of gaming development services
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Blockchain development and financing services are provided by Bit Origin.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fortress Trust
Frequently Asked Questions about Fortress Trust
When was Fortress Trust founded?
Fortress Trust was founded in 2022.
Where is Fortress Trust located?
Fortress Trust is headquartered in Las Vegas, United States. It is registered at Las Vegas, Nevada, United States.
Who is the current CEO of Fortress Trust?
Scott Purcell is the current CEO of Fortress Trust. They have also founded this company.
Is Fortress Trust a funded company?
Fortress Trust is a funded company, having raised a total of $22.5M across 2 funding rounds to date.
What does Fortress Trust do?
Modern financial infrastructure for businesses is built by Fortress Trust, focusing on moving and storing money globally across fiat and crypto rails. Virtual accounts, real-time payments, cross-border settlement, and digital asset liquidity are offered. Strong compliance and a network of banking partners are maintained to support operations. Solutions cater to custody, payment processing, and regulatory needs in the financial sector.
Who are the top competitors of Fortress Trust?
Fortress Trust's top competitors include Eightco, Graph Blockchain and Bit Origin.
What products or services does Fortress Trust offer?
Fortress Trust offers Fortress Custody, Payment Rails, and Crypto Liquidity.
Who are Fortress Trust's investors?
Fortress Trust has 2 investors. Key investors include Ripple, and Ayon Capital.
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