Ripple Secures Expanded License in Singapore, Strengthening Its Global Crypto Presence

Ripple, the San Francisco-based enterprise blockchain company, has gained an expanded Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), marking a major milestone in its Asia-Pacific strategy. The update, announced Monday, positions Ripple to broaden its operations in one of the world’s most influential crypto hubs and deepen its long-term commitment to regulated digital asset services.

Singapore has long been recognized as a leading financial and fintech center with one of the most progressive digital asset regulatory frameworks. MAS’ clear standards have become a benchmark for other jurisdictions designing crypto regulations. Ripple has operated its Asia-Pacific headquarters in Singapore since 2017, underscoring its strategic focus on the region’s rapidly growing digital payments ecosystem.

Ripple’s Singapore subsidiary secured its initial MPI license in 2023, allowing it to legally offer payment services above specified thresholds, including cross-border money transfers. With the newly expanded scope of approval, Ripple can now onboard more financial institutions in the region and support additional regulated payment activities. The expanded MPI license also enables Ripple to legally facilitate transactions involving digital payment tokens (DPTs) such as XRP, which strengthens the company’s ability to support high-volume cross-border payments for banks, fintech firms, and institutional partners.

This regulatory advancement aligns with Ripple’s broader mission to modernize global payment infrastructure using blockchain technology and the XRP Ledger. As financial institutions increasingly seek compliant and efficient blockchain-based solutions, Ripple’s enhanced licensing status in Singapore is expected to accelerate adoption of its payment rails across Asia.

The move also reinforces Singapore’s role as a major global crypto hub, driving innovation while maintaining strict regulatory oversight. With stronger authorization from MAS, Ripple is poised to expand its influence in digital asset services, offering faster, more scalable, and compliant cross-border payment solutions throughout the region.