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.
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 |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Seed - Fortress Trust | Valuation | Ayon Capital | |
| Jun, 2022 | Amount | Seed - Fortress Trust | Valuation | Ripple |
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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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple investments are managed by Ayon Capital single-family office.
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Founded Year | Domain | Location | |
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Blockchain-based payment network for cross-border transfers is developed.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fortress Trust
Financial Statements - Fortress Trust
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Private blockchain solutions are offered for data management and intelligence.
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| domain | founded_year | HQ Location |
Data-driven technology solutions are provided for diversified industries through acquisitions.
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| domain | founded_year | HQ Location |
Blockchain development services are provided by p0x labs.
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Provider of gaming development services
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| domain | founded_year | HQ Location |
Blockchain development and financing services are provided by Bit Origin.
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Frequently Asked Questions about Fortress Trust
Fortress Trust was founded in 2022.
Fortress Trust is headquartered in Las Vegas, United States. It is registered at Las Vegas, Nevada, United States.
Scott Purcell is the current CEO of Fortress Trust. They have also founded this company.
Fortress Trust is a funded company, having raised a total of $22.5M across 2 funding rounds to date.
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.
Fortress Trust's top competitors include Eightco, Graph Blockchain and Bit Origin.
Fortress Trust offers Fortress Custody, Payment Rails, and Crypto Liquidity.
Fortress Trust has 2 investors. Key investors include Ripple, and Ayon Capital.