Well, Metaco provides crypto custody services while Fortress Trust offers enterprise crypto market infrastructure. Based on this alone we can see that Ripple is preparing to be one of the biggest WEB3 players contributing to enterprise crypto adoption hence the custody service acquisition.
The company also recognizes the need to have the right infrastructure in place to encourage institutional participation. Ripple’s CEO“We’re excited to bring on this team and its technology to accelerate our business and continue pressing our advantage in the areas critical to crypto infrastructure.”of Fortress Trust basically allowed it to expand its regulatory license portfolio.
While XRP’s prospects have improved, its price action remained in low-volatility limbo after losing its July gains. One XRP coin would set you back $0.50 at the time of writing.Despite the lack of enthusiasm on XRP’s price front, on-chain data revealed that the market did respond to the acquisitions. Ripple’s social dominance achieved a slight upside in the last 24 hours likely in response to news regarding the recent acquisitions.