Preliminary approval from Luxembourg’s CSSF will enable the full roll-out of Ripple Payments across the European Economic Area and position Ripple for broader cryptoasset activity in the region

Ripple, the leading provider of blockchain-based enterprise solutions across traditional and digital finance, announced it has received preliminary approval for its Crypto Asset Service Provider (CASP) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) under the EU’s Markets in Crypto Assets (MiCA) regulation. The preliminary approval, in the form of a ‘Green Light Letter,’ is subject to final conditions. It will enable Ripple to scale regulated cryptoasset services to financial institutions and businesses across all 30 countries of the European Economic Area.

The CASP license, combined with Ripple’s existing EU Electronic Money Institution (EMI) licence, will mean that European banks, fintechs and corporates can access Ripple’s full cryptoasset and stablecoins payments infrastructure – collect, exchange and pay out – through a single integration for the first time. The licence also positions Ripple to expand into broader cryptoasset activities in the region, as it continues to meet growing European demand for digital assets services and infrastructure. Europe is already a leading region for Ripple’s products, with a client base that spans some of the largest financial institutions.

“MiCA has helped to unlock a new wave of institutional digital assets adoption, and we are seeing that demand accelerate across the region,” said Cassie Craddock, Managing Director, UK & Europe at Ripple. “Financial market infrastructure is moving onchain – from cross-border payments and settlement to collateral management and tokenised assets – and banks and fintechs are actively building the digital asset capabilities they need to remain competitive. With our growing European presence, regulatory track record and institutional-grade infrastructure, we’re ready to meet the moment and support that transition at scale.”

Upon full approval, these combined CASP and EMI licenses will make Ripple fully MiCA-compliant. This follows Ripple’s receipt of its EMI license and Cryptoasset Registration from the UK’s Financial Conduct Authority in January 2026. Ripple holds more than 75 regulatory licences globally, making it one of the most licensed crypto companies in the world.

Matthew Osborne, UK & Europe Head of Policy, added, “We’re grateful to the CSSF for its constructive approach throughout the licensing process. Luxembourg has established itself as a leading centre for financial services regulation in Europe, combining deep supervisory expertise with a clear, proportionate framework for digital assets – making it the natural regulatory home for Ripple’s European operations.”

Ripple Payments is a licensed, end-to-end cross-border payment solution that manages the full flow of funds on behalf of its customers, connecting them to a global payout network with speed, transparency, and compliance built in. The platform has processed more than $100 billion in volume to date and operates across 60+ markets globally.

Source: Ripple