Ripple has received approval from the Monetary Authority of Singapore (MAS) to expand the scope of payment activities under the Major Payment Institution (MPI) license held by its local subsidiary, Ripple Markets APAC Pte. Ltd.
The enhanced approval enables the blockchain-based fintech company to broaden its regulated payment services and deepen its footprint in one of the world’s most progressive digital asset jurisdictions.
Commitment to Compliance and Regulatory Clarity
The company stated that this development reinforces its long-standing commitment to compliance, regulatory clarity, and transparent engagement with policymakers. Ripple President Monica Long commented, “MAS has set a leading standard for regulatory clarity in digital assets, and we deeply value Singapore’s forward-thinking approach.”
Long further elaborated, “Ripple has always taken a regulation-first approach, and Singapore is proof that innovation thrives when rules are clear. This expanded license strengthens our ability to continue investing in Singapore and to build the infrastructure financial institutions need to move money efficiently, quickly, and safely.”
Ripple Payments and Digital Payment Tokens
Ripple Payments, the company’s core cross-border payments platform, leverages digital payment tokens (DPTs), including RLUSD and XRP, to provide fast, low-cost global settlements. The fully licensed solution removes the operational burden of blockchain management for banks, fintechs, and crypto firms by handling token access, payouts, infrastructure, and compliance through a single integration.
Key advantages of Ripple Payments include rapid settlement using DPTs, simplified onboarding through a unified provider, and seamless digital asset access without requiring institutions to hold tokens or maintain additional banking relationships.
Regional Momentum and Singapore's Strategic Importance
Fiona Murray, Vice President & Managing Director for Asia Pacific, highlighted the region’s strong momentum, stating, “The Asia Pacific region leads the world in real digital asset usage, with on-chain activity up roughly 70% year-over-year. Singapore sits at the center of that growth. With this expanded scope, we can better support the institutions driving that growth.”
Singapore has been a strategic hub for Ripple since it established its APAC headquarters there in 2017. MAS remains widely recognized for its clear and forward-looking regulatory frameworks that continue to attract global financial innovation.