Ripple company, which missed the 2021 bull season and had a difficult time after the “unregistered offer and sale of investment contracts” case filed by the SEC in 2020, made a move to further increase its operations in the USA. The company acquired Standard Custody & Trust Company, a crypto company that provides custody services.

Standard Custody & Trust, a company licensed by the New York Department of Financial Services, is expected to facilitate activities in Ripple’s payment network. It is also known that Ripple has more than 40 licenses for money transfer in various states in the USA.

Ripple also acquired crypto custody company Metaco

As you may remember, Ripple acquired Metaco, one of Switzerland’s important custody company, last year. Ripple paid $250 million for the acquisition. However, details of the acquisition of Standard Custody & Trust were kept a secret. On the other hand, Metaco’s CEO Adrien Trecanni announced that he resigned from his position on Tuesday. The reason for the resignation wasn’t made public.

It is noteworthy that David Schwartz, Ripple’s technology manager, is also on the PolySign Management Team.

While its lawsuit with the SEC was ongoing last year, it was claimed that Ripple company would leave the USA and move to Singapore or England. However, this latest acquisition also creates the impression that the company will now be stronger in the USA.

Ripple last won an important victory in court against the SEC in the summer. The presiding judge ruled that Ripple’s XRP sales to small investors could not be considered an investment contract.