"MAS has expanded Ripple's MPI license, allowing the company to offer a much wider range of regulated payment services and marking a notable regulatory milestone for the company's operations in Singapore. Ripple first secured a full MPI license in 2023, enabling digital payment token services but limiting comprehensive end-to-end payment capabilities until the restrictions were removed in the 2025 expansion."
"The upgraded license now permits full cross-border payment processing, regulated XRP and RLUSD services, liquidity solutions, on/off-ramps and enterprise-grade settlement tools under Singapore's strict oversight. The expanded license positions Ripple to meet rising institutional demand across Asia-Pacific, compete in major remittance corridors, offer XRP- and RLUSD-based services and strengthen relationships with regional regulators. Ripple took a big step ahead in Singapore when the Monetary Authority of Singapore (MAS) extended the scope of Ripple's Major Payment Institution (MPI) license."
MAS expanded Ripple Markets APAC's Major Payment Institution (MPI) license, removing prior restrictions and enabling a broader suite of regulated payment services in Singapore. Ripple previously secured a full MPI license in 2023 for digital payment token services under the Payment Services Act, subject to AML, consumer protection, transaction monitoring and operational resilience requirements. The upgraded license permits full cross-border payment processing, regulated XRP and RLUSD services, liquidity solutions, on/off-ramps and enterprise-grade settlement tools. The expansion positions Ripple to serve rising institutional demand across Asia-Pacific, compete in remittance corridors and strengthen relationships with regional regulators while operating under strict oversight.
Read at Cointelegraph
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