- Ripple secured expanded MPI authorization from MAS, allowing broader regulated payment operations in Singapore.
- The license supports wider use of Ripple Payments, including settlement through RLUSD and XRP.
- Singapore remains central to Ripple’s APAC strategy amid rising regional on-chain activity.
Ripple moved to extend its presence in Singapore after regulators cleared broader payment functions for the company. The development came through an expanded Major Payment Institution license granted by the Monetary Authority of Singapore. The decision created new room for the firm to support regulated digital payment activity across the market. The update also marked another shift in Singapore’s role within the company’s wider Asia Pacific operations, which continue to track rising on-chain activity across the region.
Expanded Authorization in Singapore
Ripple Markets APAC Pte. Ltd. received approval to widen its licensed services after maintaining an existing MPI license. The expansion now lets the company handle additional regulated payment tasks inside Singapore. The firm stated that it plans to deepen its work with financial institutions while it builds infrastructure for cross-border transactions. Company president Monica Long said Singapore offers regulatory clarity that supports digital asset development, and she noted that the license strengthens ongoing investment plans in the city-state.
The expanded license supports broader use of Ripple Payments, which offers tools for cross-border transactions. The service handles settling activity with digital payment tokens, including RLUSD and XRP. The company said customers can route payments through these assets while reducing operational complexity. Ripple also explained that its system manages the technical layers that businesses often face when deploying digital payment services. This arrangement allows firms to introduce new payment channels without maintaining blockchain infrastructure on their own.
Singapore’s Role in Regional Adoption
Singapore holds a position in the company’s Asia Pacific strategy because regional digital asset activity continues to grow. On-chain activity increased by nearly seventy percent year over year across the broader area. The company said this momentum shaped Singapore’s status as a key location for its regulated business. The updated license aims to position Ripple Payments for wider use among banks, fintechs, and crypto service providers that manage international transactions.
As it was reported by CryptoNewsLand, Ripple also confirmed recent testing of RLUSD for fiat card settlement. The trial included participation from Mastercard and Gemini as part of a broader examination of blockchain-based settlement flows. The company stated that the test supports ongoing work to integrate RLUSD into regulated payment environments.
