Ripple Hits a New Height That Stuns XRP Army

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Ripple holds more than 75 regulatory licenses globally, and that number continues to grow.

On June 23, the company announced that it had received preliminary approval for a Crypto Asset Service Provider (CASP) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) under the EU’s Markets in Crypto Assets (MiCA) regulation.

The approval takes the form of a Green Light Letter and remains subject to final conditions. This license positions Ripple to scale regulated cryptoasset services to financial institutions and businesses across all 30 countries of the European Economic Area.

Expanding Ripple’s European Reach

The CASP license does not stand alone. Ripple already holds an Electronic Money Institution (EMI) license in Luxembourg, granted by the CSSF in early 2026. Together, the two licenses allow European banks, fintechs, and corporates to access Ripple’s full cryptoasset and stablecoin payments infrastructure through a single integration for the first time.

Upon full approval, these combined licenses will make Ripple fully MiCA-compliant. Cassie Craddock, Managing Director for UK and Europe at Ripple, said: “MiCA has helped to unlock a new wave of institutional digital assets adoption, and we are seeing that demand accelerate across the region.”

A Track Record Built Across Jurisdictions

The Luxembourg CASP approval continues a licensing run that accelerated significantly over the past year. Ripple received its EMI license and Cryptoasset Registration from the UK’s Financial Conduct Authority in January 2026. That gave the company a regulated status across two of Europe’s most important financial centers. The new CASP license now extends that reach across the full EEA.

Before Europe, Ripple also secured payment licenses in Singapore and the UAE. Following those licenses,, it acquired BC Payments Australia specifically to obtain an Australian Financial Services License in March 2026.

The press release revealed that Ripple Payments has processed more than $100 billion in volume to date and operates across over 60 markets globally. That market is now set to expand.

XRP Sits at the Center of This Infrastructure

Each regulatory approval expands the number of jurisdictions where Ripple’s payment and settlement technology can operate legally. XRP functions as the bridge currency within that network. As Ripple’s licensed footprint grows, so does the infrastructure through which XRP moves value at an institutional scale.

Matthew Osborne, UK and Europe Head of Policy at Ripple, said Luxembourg “has established itself as a leading centre for financial services regulation in Europe.” Ripple’s European operations are now anchored there, with the capacity to serve clients across all 30 EEA countries through a single regulated entity.

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