Yeliz Akmaca 
Ripple (XRP) has received approval from the Monetary Authority of Singapore (MAS) to expand the scope of its Major Payment Institution (MPI) license for its Singapore-based subsidiary. This step allows Ripple to offer its digital payment solutions in Singapore more comprehensively and within a fully regulated framework.
MAS Approval and License Expansion
MAS has approved Ripple’s expansion of its MPI license payment activities. Ripple can now legally offer digital payment solutions using digital payment tokens (DPTs), stablecoins — including its own RLUSD — and other crypto assets under the MAS regulatory framework. This development marks a significant step for fintech and crypto integration in the Asia-Pacific region.
Ripple CEO Monica Long commented:
“MAS has set a leading standard for regulatory clarity in digital assets, and we highly value Singapore’s forward-looking approach. Ripple has always adopted a regulation-focused strategy. Singapore proves that innovation thrives when rules are clear. This expanded license strengthens our ability to continue investing in Singapore and provide financial institutions with the infrastructure needed to transfer money efficiently, quickly, and securely.”
Ripple’s Asia-Pacific Strategy
The MAS approval demonstrates Ripple’s commitment to regulatory compliance in the Asia-Pacific region. Ripple will continue to provide digital payment solutions to corporate clients and financial institutions in Singapore while strengthening its blockchain-based infrastructure. The use of stablecoins and other digital payment tokens will also increase cross-border payment capabilities.
Fiona Murray, Ripple’s Vice President and Managing Director for Asia-Pacific, added:
“The Asia-Pacific region leads the world in real digital asset adoption, and on-chain activity has increased by roughly 70% year-on-year. Singapore is at the center of this growth. With this expanded payment scope, we can offer faster, more efficient payments and a broad range of regulated payment services to the institutions driving this growth.”
Ripple Payments provides fast, transparent, and reliable cross-border payments and on/off ramps for banks, crypto firms, and fintechs worldwide. The company’s fully licensed end-to-end solution manages infrastructure and operational complexity, enabling businesses to launch digital payment services quickly without additional costs or operational burden.
Why This Approval Matters
This MAS approval allows Ripple to offer digital payment solutions in Singapore legally and within a regulated framework. Ripple can now increase speed and reliability for payments using stablecoins such as RLUSD and other DPTs, while strengthening its strategic position in the Asia-Pacific region. The license also enhances Ripple’s credibility in corporate partnerships and global compliance.
Since establishing its Asia-Pacific hub in Singapore in 2017, Ripple has leveraged MAS’s leading regulatory role and clear frameworks to strengthen its operational infrastructure in the region. This step reinforces Ripple’s commitment to compliance, transparency, and strong regulatory partnerships.
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