Ripple announced on Dec. 1 that the Monetary Authority of Singapore (MAS) approved an expanded scope of payment activities for the Major Payment Institution (MPI) license held by its Singapore subsidiary, Ripple Markets APAC Pte. Ltd. (RMA). The approval positions the firm to widen regulated offerings in a market central to Asia Pacific digital asset activity.

“With this approval, Ripple can broaden its regulated payment offerings and deliver greater value to customers in Singapore,” the announcement states. Monica Long, Ripple’s president, added: “This expanded license strengthens our ability to continue investing in Singapore and to build the infrastructure financial institutions need to move money efficiently, quickly, and safely.”

The announcement explained:

With a fully licensed, end-to-end solution, Ripple handles the underlying blockchain and operational complexity so businesses can launch digital payment services quickly, without taking on the cost or burden of infrastructure management.

Fiona Murray, Ripple vice president and managing director for Asia Pacific, emphasized regional momentum, stating: “With this expanded scope of payment activities, we can better support the institutions driving that growth by offering a broad suite of regulated payment services, bringing faster, more efficient payments to our customers.”

Read more: Ripple Sees Huge Stablecoin Demand With RLUSD Perfectly Positioned

Ripple reiterated that its Ripple Payments platform integrates digital payment tokens, including RLUSD and XRP, with global payout rails that aim to streamline liquidity access, reduce settlement lags, and remove infrastructure burdens for banks, crypto firms, and fintechs. The company noted that consolidating onboarding, custody optionality, and DPT flow management under one provider can reduce operational fragmentation as institutions scale cross-border services. It also highlighted Singapore’s ongoing role in its expansion trajectory since establishing its Asia Pacific headquarters there in 2017.

Growing regulatory clarity in Singapore may strengthen institutional adoption of crypto payments by providing compliance certainty alongside faster settlement and expanded liquidity routes, supporting the broader case for blockchain-based financial infrastructure.

• What did MAS approve for Ripple in Singapore?
  MAS approved an expanded scope of payment activities for Ripple’s Major Payment Institution license.
• How does Ripple say the expanded license helps customers?
  Ripple says it enables broader regulated payment offerings and more efficient digital payment services.
• Which tokens does Ripple Payments integrate?
  Ripple Payments integrates digital payment tokens, including RLUSD and XRP.
• Why is Singapore important to Ripple’s strategy?
  Singapore serves as Ripple’s Asia Pacific hub and a key market for regulated digital asset expansion.

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