Ripple announced that its Singapore subsidiary, Ripple Markets APAC Pte. Ltd., has received approval from the Monetary Authority of Singapore (MAS) for an expanded scope of its Major Payment Institution (MPI) license.

The expansion allows Ripple to offer an even wider range of regulated digital payment token (DPT) services in one of the world’s most progressive crypto regulatory environments, further solidifying Singapore as the company’s Asia-Pacific hub.

“MAS has set a leading standard for regulatory clarity in digital assets, and we deeply value Singapore’s forward-thinking approach,” said Monica Long, President of Ripple. “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.”

Since establishing its APAC headquarters in Singapore in 2017, Ripple has grown the city-state into a strategic center for its global operations. The company now joins a select group of blockchain-enabled institutions worldwide holding a full MPI license from MAS.

The newly approved activities enhance Ripple Payments, the company’s flagship cross-border payments solution that uses digital payment tokens—including its stablecoin RLUSD and XRP—to settle transactions in minutes. Key advantages highlighted by Ripple include:

• A complete end-to-end payments stack that removes the need for customers to build or maintain blockchain infrastructure
• Single-point onboarding that replaces multiple fragmented partners
• Seamless access to digital assets without requiring clients to directly hold or manage DPTs

Read More:
https://ripple.com/ripple-press/ripple-expands-scope-of-payment-activities-in-singapore-for-its-major-payment-institution-license/