Ripple Labs scored a major regulatory boost after Singapore’s Monetary Authority approved an expansion of the company’s Major Payment Institution license. The upgrade strengthens Ripple’s position in one of the world’s most crypto-friendly financial hubs and deepens its long-standing presence in the region.

Ripple executives say the expanded permissions will let the company better support institutions driving Asia Pacific’s fast-growing crypto adoption. President Monica Long called the approval proof that innovation thrives under clear rules, adding that Ripple will continue investing in Singapore to build faster and safer cross-border payment infrastructure. While the full list of added services wasn’t disclosed, Vice President Fiona Murray noted the move will enhance Ripple’s ability to meet rising demand for digital asset solutions across the region.

Ripple has operated in Singapore since 2017 and received its initial MPI license in 2023, granting it the ability to offer digital payment token services. Its regulated payment network—powered by RLUSD and XRP—enables rapid, end-to-end transfers including collection, holding, swapping, and payouts.

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