TL;DR
- Singapore’s regulator expands Ripple’s digital token service license.
- The approval covers payments using both XRP and the RLUSD stablecoin.
- The decision aligns with rising digital asset use in Asia-Pacific.
The Monetary Authority of Singapore granted Ripple Markets APAC an expanded license for its digital payment token services. Ripple’s local subsidiary can now offer a broader range of activities with digital payment tokens. The authorization includes services linked to XRP and RLUSD, the company’s stablecoin.
This decision allows Ripple to increase its regulated payment services for banks, financial technology firms, and corporations. Singapore maintains one of the world’s most tightly supervised financial markets. The company can provide cross-border payment solutions that use digital assets to settle transactions. These systems aim to lower costs and speed up processing times.
Huge news from Singapore: https://t.co/KVxTs7IEKc
The @MAS_sg has approved an expanded scope of payment activities for our Major Payment Institution license ā enabling us to deliver end-to-end, fully licensed payment services to our customers in the region. šøš¬
— Ripple (@Ripple) December 1, 2025
Ripple President Monica Long described the Singaporean authority as a global benchmark for clear regulation. Long stated that the stable regulatory framework strengthens the company’s plans to deepen its investment in the market. The stated goal is to build infrastructure that speeds up global money movement.
The Monetary Authority of Singapore’s framework, under the Payment Services Act, provides defined rules.
The license expansion aligns with rising digital asset activity across the Asia-Pacific region. Data shows a year-over-year increase approaching 70% in this activity. Ripple notes that Singapore holds a central position in this growth. The nation possesses advanced policies and was an early adopter of regulated digital token services.
Ripple’s Vice President and Managing Director for the region, Fiona Murray, said the expanded license enables the company to serve the institutions driving demand. Murray emphasized that regulated payment channels remain fundamentally important.
Ripple established its Asia-Pacific headquarters in Singapore in 2017. The company later secured a full Major Payment Institution license. This license placed the firm within a small group of blockchain-focused companies approved to operate in the country.
Capabilities for Institutional Clients
The updated permissions enable Ripple to support end-to-end payment flows through a single integration. The process includes collection, holding, token swaps, and payouts. The system allows clients to avoid using multiple infrastructure partners. It also reduces reliance on additional banking relationships.
Ripple Payments, the company’s global solution, merges digital tokens with a payout network. This network handles conversion, compliance, and settlement operations. The company absorbs the technical and blockchain-related complexity. This approach lets institutions offer digital payment services more efficiently.
The RLUSD stablecoin forms the core of several of these services. Abu Dhabi recently recognized RLUSD as an Accepted Fiat-Referenced Token. This recognition allows licensed firms in the Abu Dhabi Global Market to use the stablecoin for regulated financial activities.
