Ripple Secures Major Payments Institution (MPI) License From Singapore Regulator

[Ben Graham]

Ripple will now be able to widen the range of regulated payment services from its Singapore hub. On 1 December 2025, Ripple announced that the company secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). 

For Ripple, this basically means a strengthened position in Asia-Pacific. And broader institutional use of XRP and its RLUSD stablecoin in cross-border payments.

With this, Ripple is now among a small group of blockchain-focused companies worldwide that hold a full MPI license.

Commenting on the development, 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,” she added. “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.”

This is not just “good news” from Singapore. This is a geopolitical signal.

Ripple just received an expanded Major Payment Institution license scope from MAS, one of the strictest and most respected regulators on the planet.

Here is what it really means:

1. Ripple is now… pic.twitter.com/XOipmbXVFE

— Stern Drew (@SternDrewCrypto) December 1, 2025

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Ripple Will Be Able To Expand Regulated Crypto Payments For Banks And Corporates

MAS has approved Ripple Markets APAC, the firm’s Singapore subsidiary. This will expand the scope of activities Ripple can conduct under its MPI license. 

Ripple has been licensed digital payment token (DPT) services since 2023. But, the new authorization broadens the categories of regulated payment services it can provide to institutional clients. 

“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,” said Fiona Murray, Ripple Vice President and Managing Director, Asia Pacific. “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.”

Huge news from Singapore: https://t.co/KVxTs7IEKc

The @MAS_sg has approved an expanded scope of payment activities for our Major Payment Institution license – enabling us to deliver end-to-end, fully licensed payment services to our customers in the region.

— Ripple (@Ripple) December 1, 2025

DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025

What Is Ripple Planning With UK? Company President Meets UK Economy Secretary To The Treasury

On 12 November 2025, Long met with UK’s economic Secretary to the Treasury, Lucy Rigby, to discuss how digital assets can boost the country’s competitiveness and growth. The meeting has led to speculation about Ripple’s next move in the UK and about the UK’s ambitions towards digital assets and blockchain. Long took to X to say that the UK is “building on its status as one of the leading financial hubs of the world.”

Notably, Rigby’s role in financial regulation is not missed by the crypto community as she directly engages with Ripple. Meanwhile, Ripple executive Cassie Craddock recently revealed that the company intends to capitalize on the recent US-UK regulatory collaborations. Rigby said, “Exciting discussion with Ripple’s Monica Long here in Singapore on fostering innovation in digital assets and our new dedicated support for global fintech scaling in the UK.” 

After victories against the US Securities and Exchange Commission (SEC), Ripple has applied to register as a crypto asset firm with the UK’s Financial Conduct Authority (FCA).

Read More: What Is Ripple Planning With UK? Company President Meets UK Economy Secretary To The Treasury 

Key Takeaways

Ripple’s original MPI license in Singapore covered regulated digital payment token services. This enabled the firm to offer crypto-enabled payment products and its ‘On-Demand Liquidity solution’ to local and regional customers.

However,

Ripple’s expanded approval comes amid what the firm describes as surging on-chain activity across Asia-Pacific. Importantly, this is led in part by Singapore’s growing role as a digital asset hub. 

 

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