Ripple’s Singapore division gained the ability to provide a wider range of regulated payment services, further reinforcing the company’s position in one of the world’s key digital asset markets.
The Monetary Authority of Singapore (MAS) approved the expansion of payment services under the Major Payment Institution (MPI) license for Ripple Markets APAC Pte. Ltd., the company’s local branch. This regulatory decision will allow Ripple to scale its portfolio of regulated services and offer customers in Singapore more flexible and technologically advanced payment solutions.
The company’s core product remains Ripple Payments, an international settlement system that combines the use of digital payment tokens (DPT), such as RLUSD and XRP, with a global payout network. The solution enables banks, crypto firms, and FinTech companies to execute near-instant cross-border transfers and conduct exchange operations without deploying their own blockchain infrastructure.
Key advantages of Ripple Payments include:
- full end-to-end processing, where settlements using digital assets take just minutes and don’t require building one’s own technical infrastructure;
- a single connection instead of multiple scattered partners, covering fund collection, storage, exchange, and payouts within one integration framework;
- easy access to digital assets without the need for additional banking agreements or maintaining proprietary crypto reserves.
According to the company, crypto activity in the Asia-Pacific region grew by roughly 70% YoY, and Singapore remains at the center of this expansion. Fiona Murray, Ripple Vice President and Managing Director for Asia Pacific, noted that the license expansion will allow the company to support financial institutions in the region more effectively and enhance international payment quality.
Singapore has played a key role in Ripple’s strategy since 2017, when the company opened its regional headquarters there. Monica Long, President of Ripple, emphasized that the country is considered one of the global leaders in establishing a transparent regulatory framework for digital assets, creating predictable conditions for the development of innovative financial services and cross-border payment solutions.
In 2025, Ripple is actively scaling its global presence, strengthening its foothold in key regions worldwide. In November, the company obtained the ability to provide a full range of digital asset services in the U.S. for institutional market participants. Earlier, Ripple partnered with one of Africa’s largest banking groups, paving the way for deploying corporate digital asset custody solutions across the continent.
