Expanded permissions strengthen the company’s institutional services across Asia-Pacific
Ripple Labs has secured regulatory approval to widen its payment activities in Singapore, marking another step in the company’s ongoing expansion across the Asia-Pacific region. The approval arrives as Ripple continues to scale its institutional offerings through a series of acquisitions and product developments.
Ripple’s regional arm, Ripple Markets APAC, received authorization from the Monetary Authority of Singapore (MAS) to extend the scope of services covered under its Major Payment Institution license. While the MAS website still lists Ripple under digital payment token services, the firm says the updated license allows deeper involvement in regulated payment flows for financial institutions operating in the country.
The company’s payment network relies on digital assets—including XRP and its recently introduced stablecoin RLUSD—to facilitate cross-border transactions and streamline liquidity management for banks and enterprises. Ripple executives emphasized that broader permissions in Singapore will help reinforce the infrastructure behind these services.
Ripple has also accelerated its acquisition strategy this year, most recently purchasing crypto custody provider Palisade in early November. The deal is part of a plan to enhance secure storage and settlement tools for institutional clients.
Singapore remains central to Ripple’s global strategy. The firm first established its presence there in 2017 and describes the region as a key hub for regulatory clarity and enterprise adoption.
Growth in Asia-Pacific has also strengthened the company’s focus. On-chain activity across the region has risen by roughly 70% year over year, placing Singapore at the center of a rapidly expanding digital asset market.
Disclaimer
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