Ripple has secured approval from the Monetary Authority of Singapore (MAS) to expand the scope of activities allowed under its Major Payment Institution (MPI) license.
The approval applies to Ripple Markets APAC, the firm’s local subsidiary, according to a company statement.
Under the updated license, Ripple can now offer a broader suite of digital payment token services. Specifically, these include offerings linked to XRP and RLUSD, its recently launched stablecoin.
According to the company, the expansion will help meet the growing institutional demand for regulated digital solutions in Singapore.
Ripple President Monica Long welcomed MAS’s decision, saying Singapore’s clear regulatory framework gives digital asset firms a stable environment to grow.
She further noted that the expanded scope will allow Ripple to deepen its investment in Singapore. In turn, this will strengthen the infrastructure for fast, secure global transfers.
Ripple’s Licensing Progress in Singapore
This milestone builds on Ripple’s existing regulatory foothold. The firm obtained a full MPI license in 2024, placing its Singapore entity among a limited group of blockchain-focused institutions with such authorization. The company has maintained its Asia Pacific headquarters in Singapore since 2017.
Ripple’s expanded permissions also support its global payment platform. The system merges digital tokens with an international payout network and manages technical and compliance layers for clients.
The updated license allows Ripple to offer end-to-end services, including collection, holding, token swaps, and payouts, through a single integration point. This reduces the need for clients to maintain separate infrastructure or additional banking partners.
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 – enabling us to deliver end-to-end, fully licensed payment services to our customers in the region. 🇸🇬
— Ripple (@Ripple) December 1, 2025
Singapore’s Central Role in APAC Digital Asset Growth
Ripple says the move comes as digital asset activity accelerates across the Asia Pacific. Fiona Murray, the company’s Vice President and Managing Director for the region, stated that on-chain activity has climbed roughly 70% over the past year.
She added that Singapore remains central to this growth and is well-positioned to benefit from expanding institutional adoption.
Meanwhile, MAS continues to reinforce its position as a global leader in digital asset regulation. Its frameworks, such as the Payment Services Act, set clear standards for stablecoin issuers and crypto service providers.
Ripple says this clarity encourages responsible innovation while giving institutions confidence to adopt digital payment technologies.
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