Ripple secures EU CASP licence for expansion

• Ripple secured a Crypto Asset Service Provider licence in Luxembourg under the European Union's MiCA framework.
• The approval allows Ripple to provide MiCA-compliant crypto services across the EU and expands its regulated operations.
• The company said the licence supports broader adoption of its digital asset and cross-border payments infrastructure in Europe.

Ripple has received a Crypto Asset Service Provider licence from Luxembourg's financial regulator, allowing the company to offer Markets in Crypto-Assets (MiCA)-compliant crypto services across the European Union.

The approval builds on Ripple's existing Electronic Money Institution licence and allows European banks, fintechs and businesses to access its crypto asset and stablecoin payment infrastructure through a single integration.

“Financial market infrastructure is moving on-chain – from cross-border payments and settlement to collateral management and tokenised assets – and banks and fintechs are actively building the digital asset capabilities they need to remain competitive,” said Ripple Managing Director for UK and Europe Cassie Craddock.

The CASP licence authorises Ripple to provide regulated crypto custody, trading, exchange, transfer and settlement services, while the company said Ripple Payments has processed more than US$100 billion across more than 60 markets.

Ripple said the new licence expands its regulated crypto activities across Europe, and as the company is privately held there is no share price available.

Matthew Osborne, Ripple's UK and Europe Head of Policy, said Luxembourg's regulatory framework and supervisory expertise made the country a suitable base for the company's European operations.

Ripple has continued to expand its regulatory approvals globally as it develops blockchain-based payment services for financial institutions and broader digital asset infrastructure.