Ripple’s big Singapore win: What the expanded license allows now
Singapore’s MAS has widened Ripple’s MPI license scope, enabling regulated token services, end-to-end payments and major growth across Asia-Pacific.
MAS has expanded Ripple’s MPI license, allowing the company to offer a much wider range of regulated payment services and marking a notable regulatory milestone for the company’s operations in Singapore.
Ripple first secured a full MPI license in 2023, enabling digital payment token services but limiting comprehensive end-to-end payment capabilities until the restrictions were removed in the 2025 expansion.
The upgraded license now permits full cross-border payment processing, regulated XRP and RLUSD services, liquidity solutions, on/off-ramps and enterprise-grade settlement tools under Singapore’s strict oversight.
