Ripple has reportedly completed its acquisition of web3-focused company Fortress Trust for an undisclosed sum.

On Sept. 6, the crypto company revealed that it had agreed to purchase the Nevada-based chartered trust company. According to the press statement, the acquisition would further complement Ripple’s business and product roadmap.

The acquisition broadens Ripple’s regulatory licenses, including the addition of a Nevada license to its current holdings, such as the New York BitLicense and money transfer licenses across 30 U.S. states.

The purchase aligns with Ripple’s expansion plans, which have been positively influenced by a partial victory they secured against the U.S. Securities and Exchange Commission. Earlier in the year, the crypto payment company completed a  $250 …