- Blockchain solutions provider Ripple has gained a license from Singapore’s financial regulator, reinforcing its advance in the Asia-Pacific region.
- The country is the 15th-largest crypto adopter in the world, with on-chain activity growing 70% YoY.
- The milestone means the expanded reach of XRP to institutions.
Ripple reached another significant milestone in Asia after gaining the nod from the Monetary Authority of Singapore (MAS). The regulator approved the expanded scope of the fintech company’s payment services via its issuance of a Major Payment Institution (MPI) license.
MAS awarded the new license to Ripple Markets APAC Pte. Ltd. (RMA), the blockchain solution’s Singapore arm.
Ripple President: Innovation Thrives with Regulatory Clarity
Monica Long, President of Ripple, praised Singapore for its best practices and forward-thinking approach in bringing about regulatory clarity for digital assets. She highlighted, “Innovation thrives when rules are clear.”
For the company, the license serves as further proof of its compliance-first approach. It adds a layer of protection for investors and users, allowing them to navigate its platform with trust and confidence.
Additionally, Long emphasized that the expanded license reinforces their investments in Singapore. She stated that it will enable them to build and deliver solutions that enable financial institutions to move money quickly, safely, and efficiently.
Singapore: A Vital Part in Ripple’s Business Strategy
Ripple claimed that Singapore has been vital to its global business since it set up shop in the country in 2017. The Southeast Asian nation is among the largest global adopters of crypto. Chainalysis recently ranked it 15th in its 2025 Global Crypto Adoption Index (adjusted by population).
Fiona Murray, Vice President and Managing Director of Asia Pacific at Ripple, pointed out that the Asia-Pacific (APAC) region leads the world in digital asset usage. She said on-chain activity in the area grew by 70% year-over-year (YoY).
What This Means for Financial Institutions and XRP
Ripple Payments integrates digital payment tokens (DPTs) into its global payout network to facilitate faster, more transparent, and more reliable cross-border payments and off-ramps for banks, crypto companies, and fintechs, compared to those offered by legacy financial institutions.
Meanwhile, XRP stands to gain significantly from the widespread adoption of Ripple’s payment solutions and its native stablecoin, the Ripple USD (RLUSD). The company’s blockchain platform and US dollar-pegged stablecoin both leverage the XRP Ledger (XRPL), which uses and burns XRP per transaction. This helps drive the deflationary mechanism of XRP, and, as a result, the asset’s broader adoption and gradually decreasing supply lead to greater scarcity and potential long-term value appreciation.
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