Ripple has achieved a significant regulatory milestone in the Asia-Pacific region, securing a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This full license grants the firm formal authorization to provide regulated digital payment token services within the jurisdiction. The approval enables Ripple to expand its on-demand liquidity service, which utilizes XRP for cross-border settlements, to more financial institutions and enterprise clients in Singapore. Furthermore, the company plans to integrate its upcoming stablecoin, RLUSD, into its payment solutions for the market. This development occurs against a backdrop of broader market volatility, with XRP experiencing price pressure alongside other major digital assets. The license underscores Singapore’s position as a progressive hub for digital asset innovation and provides Ripple with a strengthened, compliant foundation to service the critical APAC corridor. Industry analysts view the move as a strategic step in Ripple’s ongoing global expansion of its enterprise-grade blockchain payment infrastructure.
