Ripple Secures Approval in Singapore to Broaden Regulated Payment Offerings

Ripple Labs has obtained regulatory authorization from Singapore’s central bank to broaden its payments operations, enhancing the company’s efforts to expand its institutional presence throughout the Asia-Pacific region.

Key Takeaways:

• Ripple has received approval from Singapore’s central bank to extend regulated payment services for banks and corporations.
• The expanded license permits Ripple to enhance infrastructure for quicker, more affordable cross-border transactions utilizing RLUSD and XRP.
• This initiative bolsters Ripple’s growth in the Asia-Pacific area as regional on-chain activity rises by approximately 70% year over year.

The firm announced on Monday that its local branch, Ripple Markets APAC, has been authorized by the Monetary Authority of Singapore under its Major Payment Institution (MPI) license to broaden its regulated payment operations.

This decision allows the company to expand the range of services it can provide to banks and corporations within the highly regulated financial environment of the city-state.

Ripple President: Singapore Approval Paves the Way for Increased Investment

Ripple President Monica Long stated that the company appreciates Singapore’s regulatory approach and views the broader license as a basis for additional investment.

She noted that this development would assist Ripple in establishing infrastructure for financial institutions aiming for quicker and more secure cross-border payment solutions.

Central to these services is Ripple Payments, which links clients to on- and off-ramps for collections, custody, currency conversion, and payouts.

The system employs digital payment tokens like RLUSD and XRP to facilitate transactions across borders, with the goal of minimizing fees and processing durations for corporate clients transferring funds internationally.

Singapore has been integral to Ripple’s strategy since 2017. The company initially obtained its MPI license in 2023, enabling it to offer regulated digital token services.

Although the MAS registry continues to categorize token-related activities under the license, the company asserts that the latest approval expands its operational capabilities beyond those functions, positioning it to provide a wider array of institutional services.

Significant news from Singapore: https://t.co/KVxTs7IEKc
The @MAS_sg has approved an expanded scope of payment activities for our Major Payment Institution license – allowing us to provide end-to-end, fully licensed payment services to our clients in the region.

— Ripple (@Ripple) December 1, 2025

This regulatory achievement coincides with an acquisition strategy aimed at supporting enterprise clients.

In early November, Ripple acquired Palisade, a wallet and custodian provider, as part of a strategy to integrate custody with payment and liquidity solutions for large clients.

Regional growth has been a significant factor. Ripple Asia-Pacific head Fiona Murray indicated that on-chain activity in the area has increased by about 70% year-over-year, with Singapore identified as “the center of that growth.”

She mentioned that the expanded permissions will enable Ripple to provide regulated services “to the institutions driving that growth.”

Ripple’s RLUSD Receives Regulatory Approval in Abu Dhabi

Last week, Ripple’s dollar-pegged stablecoin RLUSD was authorized for institutional use in Abu Dhabi after being recognized as an Accepted Fiat-Referenced Token by the local regulator.

This approval permits licensed entities within Abu Dhabi Global Market (ADGM) to utilize RLUSD for regulated financial activities within the free-zone financial center.

The approval was granted by the Financial Services Regulatory Authority, which oversees ADGM. According to the regulations, companies can utilize RLUSD if they fulfill requirements concerning reserves, transparency, and compliance.

This decision reinforces Ripple’s expansion throughout the UAE. In recent months, the company has secured approvals in both Dubai and Abu Dhabi and has partnered with entities such as Zand Bank and Mamo.

As previously reported, Ripple is also considering the introduction of staking on the XRP Ledger (XRPL), a move that would further integrate the decade-old blockchain into the rapidly growing decentralized finance sector.

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