- MAS expands Ripple’s payment authorizations to cover XRP and RLUSD services.
- This approval strengthens Ripple’s role in fast, regulated cross-border payments across APAC.
- Regional digital asset activity is rising as Ripple deepens its investments in Singapore.
The Monetary Authority of Singapore (MAS) has approved an expanded range of payment operations for Ripple Markets APAC, the company’s local subsidiary.
This approval allows Ripple to expand its regulated payment services for banks, fintech firms, and corporations in one of the world’s most tightly regulated financial markets.
Ripple can now offer a broader set of digital payment tokens tied to XRP and RLUSD.
It also gives the company greater scope to provide cross-border payment solutions that use digital assets for faster and lower-cost settlement.
Ripple’s leaders say this development highlights the value of Singapore’s clear regulatory stance.
CEO Monica Long described MAS as a global benchmark for transparency and stable rules.
She noted that the decision reinforces Ripple’s plan to deepen investment in the market and build infrastructure that supports faster global money movement.
MAS’s framework under the Payment Services Act gives digital asset firms clear rules covering issuance, custody, and token payments.
Expansion aligns with rising demand in APAC
The approval signals a surge in digital asset activity across the Asia-Pacific region, with annual growth of roughly 70%.
Ripple says Singapore sits at the center of this growth thanks to its forward-looking policies and early adoption of regulated digital tokens.
Fiona Murray, Ripple’s Vice President and Managing Director for the region, said the expanded license prepares the company to serve the institutions driving that growth.
She emphasized that regulated payment rails remain critical as cross-border activity in regional markets accelerates.
Ripple first established its Asia-Pacific headquarters in Singapore in 2017.
The company later obtained a full Major Payment Institution (MPI) license, placing it among a select group of blockchain-focused firms authorized to provide digital token services in the country.
Broader capabilities for institutional clients
With the updated permissions, Ripple can now support end-to-end payment flows through a single integration.
That includes collection, custody, token exchange, and payouts.
The system lets clients avoid multiple infrastructure partners and reduces their reliance on additional banking relationships.
Ripple Payments, the company’s global solution, combines digital tokens with a payment network that handles conversion, compliance, and settlement operations.
By absorbing technical and blockchain complexity, Ripple enables institutions to offer digital payment services more efficiently.
Ripple’s stablecoin, RLUSD, underpins several of these services.
Recently, the stablecoin gained recognition in Abu Dhabi as an accepted fiat-referenced token, allowing licensed firms in the Abu Dhabi global market to use it for regulated financial activities.
This recognition supports Ripple’s broader expansion across the UAE and Asia.