Singapore expands Ripple MPI licence to permit full XRP & RLUSD cross‑border payments
The Monetary Authority of Singapore (MAS) has expanded Ripple Markets APAC’s Major Payment Institution (MPI) licence, allowing Ripple to offer a broader suite of regulated payment services from its Singapore hub. The 2025 licence upgrade builds on Ripple’s 2023 full MPI approval and now permits end‑to‑end cross‑border payment processing, regulated digital payment token services (including XRP), settlement and liquidity provision using Ripple USD (RLUSD), fiat on/off‑ramp services, and enterprise settlement tools under MAS oversight. Ripple can market scalable payment solutions to banks, fintechs and crypto firms across Asia‑Pacific remittance corridors. Company executives highlighted Singapore’s clear, innovation‑friendly regulatory framework and rising on‑chain activity in APAC, positioning Ripple to deepen regional infrastructure investment. Remaining caveats include unspecified operational details requiring compliance work, lengthy institutional integration cycles, cross‑jurisdictional regulatory differences and market volatility that could affect adoption of XRP‑based services. For traders, the licence expansion strengthens Ripple’s regulatory standing in a key market, raises the probability of broader institutional use of XRP and RLUSD across APAC corridors, and may support positive sentiment and increased on‑chain activity for XRP. This is informational and not investment advice.
Bullish
The licence expansion materially improves Ripple’s regulatory footing in a major APAC hub and authorises commercial use cases for XRP and RLUSD in regulated cross‑border payment flows. That increases the likelihood of greater institutional utility and on‑chain volume for XRP and related settlement activity. In the short term, the market may respond positively to improved regulatory clarity and potential deal flow announcements, boosting XRP sentiment and trading volumes. Over the medium to long term, actual price impact will depend on adoption speed: successful integration by banks and fintechs could drive sustained demand for settlement liquidity (supportive for XRP), while slow institutional rollouts, unresolved operational details and regulatory fragmentation could limit upside. Overall, the news tilts toward bullish for XRP given heightened probability of institutional usage in APAC corridors, but execution and macro market conditions remain critical.