Ripple Labs has secured approval from the Monetary Authority of Singapore (MAS) to expand its regulated payment services, enabling comprehensive digital asset offerings for institutions. This enhancement under its Major Payment Institution license strengthens Ripple’s position in Asia-Pacific, facilitating faster, secure cross-border transactions using tokens like XRP and RLUSD.
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Ripple’s Singapore arm, Ripple Markets APAC, now offers end-to-end crypto-enabled payments under full regulatory oversight.
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The expansion builds on Ripple’s 2023 MPI license acquisition, focusing on institutional growth through acquisitions like Palisade.
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Singapore’s crypto ecosystem thrives with 70% year-over-year on-chain activity growth, per Ripple executives, aligning with Asia-Pacific’s 69% adoption surge to $2.36 trillion in value received, as reported by Chainalysis in 2025.
Ripple’s MAS approval expands payment services in Singapore, boosting institutional crypto adoption. Discover how this positions Ripple for secure, efficient global transfers. Stay updated on crypto regulations today.
What is Ripple’s Expanded Payment Services Approval in Singapore?
Ripple’s expanded payment services approval in Singapore from the Monetary Authority of Singapore (MAS) allows the company to provide fully regulated digital payment token services under its Major Payment Institution (MPI) license. This development enables Ripple to offer comprehensive, end-to-end crypto-enabled payments, including collection, holding, swapping, and payouts for banks and businesses. Acquired in 2023, the license now supports broader activities with tokens like XRP and Ripple’s stablecoin, RLUSD, enhancing institutional capabilities in the region.
How Does This Approval Benefit Institutions in Asia-Pacific?
This approval significantly broadens Ripple’s service offerings, allowing institutions to leverage regulated digital assets for efficient international transactions. According to Monica Long, President of Ripple, the expansion aligns with Singapore’s innovative regulatory environment, enabling investments in infrastructure for swift and secure money transfers. Ripple’s recent acquisition of Palisade, a licensed digital asset custodian in France, further bolsters its wallet-as-a-service technology, providing secure on-ramps and off-ramps. Data from Chainalysis’ 2025 Global Adoption Index shows Asia-Pacific leading with a 69% increase in crypto value received to $2.36 trillion, underscoring the region’s growth potential.
Ripple Labs, a leading provider of blockchain-based payment solutions, has marked a pivotal advancement in its Asia-Pacific strategy. The company’s Singapore branch, Ripple Markets APAC, received formal permission from the Monetary Authority of Singapore (MAS) to extend its regulated payment activities. This regulatory nod comes as Ripple intensifies efforts to onboard more financial institutions through enhanced services and strategic acquisitions.
The approval is conditional on Ripple upgrading its operations under the existing Major Payment Institution (MPI) license, originally obtained in 2023. This license now permits the provision of fully licensed digital payment services, significantly increasing Ripple’s capacity to deliver compliant, crypto-integrated payments across borders. By incorporating digital payment tokens such as XRP and RLUSD, Ripple facilitates seamless processes for institutions, from inbound collections to outbound payouts.
Ripple’s Strategic Growth in Singapore’s Crypto Landscape
Singapore has long been a cornerstone of Ripple’s global operations since 2017, recognized for its progressive stance on digital finance. In a recent statement, Monica Long emphasized Singapore’s role as an innovation hub, stating that the expanded license will allow Ripple to invest further in local infrastructure. This setup ensures financial institutions can execute transfers effectively, swiftly, and securely, addressing key pain points in traditional cross-border payments.
Ripple’s institutional focus is evident in its 2025 acquisitions, including Palisade, which provides wallet-as-a-service and custodial services. These moves complement the MPI license, enabling Ripple to offer a robust ecosystem for digital asset management. A review of the MAS registry confirms Ripple’s authorization specifically for digital payment token services, allowing users to buy, sell, or trade tokens via compliant platforms.
The broader context reveals Singapore’s thriving crypto environment. Fiona Murray, Ripple’s Vice President and Managing Director for Asia-Pacific, highlighted a 70% surge in on-chain activity year-over-year, positioning the city-state as a key driver in the region’s digital economy. “This expanded scope of payment activities equips us to support institutions fueling this growth with diverse, regulated services that streamline operations,” Murray noted.
Regional trends support this momentum. Chainalysis’ 2025 Global Adoption Index, released on September 3, reports Asia-Pacific’s record $2.36 trillion in total value received, a 69% rise from prior years. Countries like India, Pakistan, Vietnam, South Korea, and others dominate the top rankings, reflecting widespread adoption of blockchain technologies for payments and remittances.
Frequently Asked Questions
What Does Ripple’s MPI License Expansion Mean for Singapore Users?
Ripple’s MPI license expansion in Singapore authorizes the company to deliver regulated digital payment token services, including trading platforms and token swaps. This ensures users benefit from secure, compliant access to assets like XRP and RLUSD, enhancing trust and efficiency in crypto transactions within a major financial hub.
How Is Ripple Supporting Institutional Crypto Adoption in Asia?
Ripple supports institutional adoption in Asia by providing end-to-end payment solutions via its expanded Singapore license, leveraging stablecoins and XRP for fast transfers. With acquisitions like Palisade, it offers custodial and wallet services, aligning with the region’s 69% growth in crypto activity as per Chainalysis data.
Key Takeaways
- Regulatory Milestone: Ripple’s MAS approval expands its MPI license, enabling full-spectrum digital payment services in Singapore for institutional clients.
- Institutional Focus: Acquisitions such as Palisade enhance Ripple’s offerings in custody and wallets, supporting secure crypto integrations amid Asia’s booming adoption.
- Regional Impact: Singapore’s 70% on-chain growth, coupled with Asia-Pacific’s $2.36 trillion crypto influx, positions Ripple to drive efficient, regulated cross-border payments.
Conclusion
Ripple’s expanded payment services approval in Singapore under the MAS framework solidifies its leadership in institutional crypto solutions across Asia-Pacific. By integrating digital payment tokens like XRP and RLUSD, Ripple addresses the demand for swift, secure transactions in a region experiencing explosive growth. As on-chain activity continues to rise, institutions can anticipate more innovative, compliant tools to navigate the evolving digital finance landscape—explore these opportunities to future-proof your operations.
Source: https://en.coinotag.com/ripple-expands-xrp-enabled-payments-in-singapore-following-mas-approval
