Ripple, a global FinTech firm, has secured approval from the Monetary Authority of Singapore (MAS) to expand the payment activities permitted under the Major Payment Institution (MPI) licence held by its Singapore subsidiary, Ripple Markets APAC Pte. Ltd.
The latest regulatory greenlight allows the company to scale its licensed payment services across Singapore.
The updated approval seeks to broaden Ripple’s regulated payment capabilities in Singapore, enabling the firm to provide more comprehensive and compliant payment services to a growing customer base.
It also marks another step in Ripple’s long-standing strategy of building within clearly defined regulatory frameworks.
Ripple, which offers blockchain-enabled financial infrastructure for global enterprises, has been active in Singapore since establishing its Asia Pacific headquarters in 2017. The company focuses on developing compliant digital asset solutions that streamline cross-border payments for financial institutions, crypto firms and other businesses using distributed ledger technology.
The expanded offering centres around Ripple Payments, a fully licensed, end-to-end solution that integrates digital payment tokens (DPTs) with a global payout network. The platform enables banks, crypto firms and FinTechs to process fast and transparent international payments while eliminating the cost and operational burden associated with managing blockchain infrastructure.
Ripple Payments provides several notable capabilities, including rapid settlement using DPTs such as RLUSD and XRP, unified onboarding via a single provider, and simplified digital asset access without requiring users to manage specialist infrastructure or additional banking relationships.
Additional information highlights that the Asia Pacific region has experienced a surge in digital asset adoption, with on-chain activity rising around 70% year-over-year. Singapore continues to play a central role in this expansion and remains one of the earliest jurisdictions to implement forward-looking digital asset regulations that support institutional innovation.
Ripple president Monica Long 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, quickly, and safely.”
Ripple vice president & managing director, Asia Pacific Fiona Murray said, “The Asia Pacific region leads the world in real digital asset usage, with on-chain activity up roughly 70% year-over-year. Singapore sits at the center of that growth. With this expanded scope of payment activities, we can better support the institutions driving that growth by offering a broad suite of regulated payment services, bringing faster, more efficient payments to our customers.”
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