Ripple has received full authorization as a crypto Asset Service Provider from Luxembourg’s financial regulator. The approval makes the company fully compliant under the EU’s Markets in Crypto Assets framework.
The CASP license makes Ripple one of a small group of digital asset firms fully authorized under MiCA, which came into full force on July 1. Firms without a license must now stop operating in the region entirely.
The MiCA framework completed its final transition period on July 1. The regime replaces national licensing systems with one framework covering the whole bloc.
Only about 210 of the more than 1,200 companies that used to operate in Europe managed to get licensed in time. The rest are legally required to stop serving EU customers.
Tether didn’t pursue MiCA compliance at all and watched its USDT get pulled from major European exchanges. Ripple now walks into the market as one of the few fully cleared players.
The CASP license builds on Ripple’s existing Electronic Money Institution license, also granted in Luxembourg. Together the two approvals cover both crypto and standard payment rails for European clients.
Ripple joins a growing group of major crypto firms authorized under MiCA, including Kraken, Coinbase, OKX, and Crypto.com. The company now holds more than 75 regulatory licenses worldwide.
Banks, fintechs and corporates can access Ripple’s cryptoasset and stablecoin payments infrastructure through a single integration. That covers collecting, exchanging and paying out funds across all 30 EEA countries.
Ripple’s UK and Europe boss Cassie Craddock said the company is now “fully compliant and ready to scale.” The remark frames the license as an operational milestone rather than a marketing moment.
The announcement barely mentions XRP itself. Most of the release focuses on Ripple’s payments business, with the token appearing mainly in the standard company description.
Ripple Payments has processed over $100 billion in volume across more than 60 markets. That track record gives the firm a tested base heading into a wider European rollout.
Whether this feeds into XRP’s price is a separate question from the compliance win. Most European payment volume through Ripple settles in RLUSD or fiat rather than on the XRP Ledger directly.
