Ripple has formed important partnerships this year, including deals with Metaco, a Swiss-based crypto custody provider, and Fortress Trust, a digital currency-focused financial institution.
According to experts, these collaborations could benefit Ripple by enabling it to offer a variety of services and opportunities to users.
Ripple Been Busy
One Ripple enthusiast, known as “WrathofKahneman” on Twitter, shares this view.
They recently argued that these partnerships position Ripple to “build the infrastructure for exchanges, companies, wallets, and apps” to connect with banks and other financial institutions.
Additionally, “WrathofKahneman” stated that Ripple can now “tokenize real-world assets and hold them in safe, compliant ways.”
Several users agreed with this statement, speculating that Metaco and Fortress Trust may eventually become integrated with Ripple.
“WrathofKahneman” finds this thesis interesting and wonders how closely the acquired companies will be woven into Ripple.
“Both have claimed they will remain independent, probably to reassure current customers,” they concluded.
It’s worth noting that the press release announcing the Ripple-Metaco deal in May stated that Metaco will continue operating as an autonomous brand and business unit.
On the other hand, it wouldn’t be surprising if Fortress Trust becomes somewhat dependent on Ripple, as Ripple recovered funds for some of Fortress Trust’s customers as part of the acquisition deal, following a security incident.