Ripple wins EU CASP license, paving the way for MiCA-compliant crypto services across Europe

Ripple said it has secured a 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) framework, enabling the company to roll out MiCA-compliant crypto services across the European Union. The license allows Ripple to provide regulated crypto services including custody, trading and exchange, and the transfer and settlement of digital assets. The company announced the approval via its official X account, stating it is now "fully MiCA-compliant" and positioned to serve growing crypto demand in Europe. Ripple said the CASP authorization complements its existing EU Electronic Money Institution (EMI) license, which supports access for European banks, fintechs and corporates to Ripple's crypto-asset and stablecoin payments infrastructure. The combined setup is expected to simplify collections and payouts through a single integration. Cassie Craddock, Ripple Managing Director for the UK & Europe, said financial market infrastructure is increasingly moving on-chain, spanning cross-border payments and settlement, collateral management and tokenised assets, and that Ripple is prepared to support institutions building digital-asset capabilities. Ripple also highlighted Ripple Payments, its licensed end-to-end cross-border payments offering, describing it as designed for speed, transparency and compliance. The company said the platform has processed more than $100 billion in volume to date and operates across more than 60 markets. Matthew Osborne, Ripple's UK & Europe Head of Policy, thanked the CSSF for its approach during the process and said Luxembourg's supervisory expertise and proportionate digital-asset framework make it a natural regulatory base for Ripple's European operations.