Ripple Expands Singapore Payment License to Boost Regulated Services
Ripple, a leading blockchain payments company, has from the Monetary Authority of Singapore (MAS) to expand the scope of its Major Payment Institution (MPI) license held by its local subsidiary, Ripple Markets APAC Pte. Ltd.
The expanded license allows Ripple to offer a broader range of regulated payment services, including digital payment token (DPT) services, cross-border and domestic money transfers, and end-to-end payments infrastructure covering fund collection, custody, token swaps, and payouts.
Monica Long, Ripple President, said,
“MAS has set a leading standard for regulatory clarity in digital assets, and we deeply value Singapore’s forward-thinking approach. Ripple has always taken a regulation-first approach and Singapore is proof that innovation thrives when rules are clear. This expanded license strengthens our ability to continue investing in Singapore and to build the infrastructure financial institutions need to move money efficiently, rapidly, and securely.”
Fiona Murray, Ripple Vice President and Managing Director for Asia Pacific, highlighted that the Asia-Pacific region leads global digital asset usage, with on-chain activity rising roughly 70% year-over-year, and Singapore at the center of that growth. She emphasized that the expanded license allows Ripple to better support the institutions driving this growth by offering a comprehensive suite of regulated payment services, delivering quicker and more efficient payments to clients across the region.
Ripple Payments combines digital payment tokens with a global payout network to enable quick, transparent, and reliable cross-border payments for banks, fintechs, and crypto companies. The platform handles the underlying blockchain and operational complexity, allowing clients to launch digital payment services without the cost or burden of infrastructure management.
Since establishing its Asia-Pacific headquarters in Singapore in 2017, Ripple has used the city-state as a strategic hub for regional expansion. With the expanded MPI license, Ripple joins a select group of blockchain-enabled firms globally authorized to provide regulated crypto payment services, a move expected to accelerate adoption of compliant, institutional-grade cross-border payment answers in the region.
Ripple’s RLUSD Stablecoin Secures Regulatory Approval in Abu Dhabi
Recently, Ripple’s USD-backed stablecoin, RLUSD, has from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), enabling licensed firms in the financial centre to use the token for regulated activities.
The approval, under the designation of “Accepted Fiat-Referenced Token,” allows RLUSD to be used in payments, collateral, treasury operations, and other enterprise-grade functions across the region.
The as a fully compliant settlement asset, supporting Ripple’s push to expand its institutional footprint in the Middle East. Since its launch in late 2024 under a US charter, RLUSD has achieved significant adoption, and gaining traction among banks and payment firms viewking a dollar-pegged stablecoin with transparent reserves and redemption assurances.
Industry analysts say the approval could accelerate the use of RLUSD for cross-border payments and corporate treasury management in the region, while also reinforcing Ripple’s broader strategy of providing regulated, institution-ready digital payment answers across key international markets.
