Ripple obtains digital asset license from Monetary Authority of Singapore

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By BitcoinWiki News

Key Takeaways:

– Ripple has obtained a digital asset license from the Monetary Authority of Singapore.
– The license allows Ripple to offer regulated digital asset token services in Singapore.
– The license applies to Ripple’s Singapore subsidiary, Ripple Markets APAC Pte Ltd.
– Singapore is pivotal to Ripple’s global business, and the country has developed into a leading fintech and digital asset hub.
– Ripple plans to continue growing its presence in Singapore and prioritizing crypto adoption in the Asia Pacific region.
– Other high-profile web3 firms, such as Circle and Coinbase, have also received a Major Payments Institution (MPI) license from the Monetary Authority of Singapore.


Ripple, a blockchain payments firm, has obtained a digital asset license from the Monetary Authority of Singapore. The license, known as the Major Payments Institution (MPI) license, allows Ripple to offer regulated digital asset token services in Singapore through its subsidiary, Ripple Markets APAC. Ripple CEO Brad Garlinghouse expressed the company’s commitment to Singapore as a key market and highlighted the country’s leadership in fintech and digital assets. Ripple plans to prioritize crypto adoption in the Asia Pacific region, which is experiencing significant growth for the company. Ripple is among several other web3 firms that have recently received an MPI license from the Monetary Authority of Singapore, including Circle and Coinbase.

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