Ripple receives preliminary MiCA CASP licence
25 June 2026 Europe
Image: New_Africa/stock.adobe.com
Ripple, a provider of blockchain-based enterprise solutions, has received preliminary approval for a Crypto Asset Service Provider (CASP) licence from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) under the EU’s Markets in Crypto Assets (MiCA) regulation.
The firm received its preliminary approval as a “Green Light Letter”, which is subject to final conditions.
Ripple says it will be able to scale regulated cryptoasset services to financial institutions and businesses throughout the EU and its economic area.
European banks, fintechs, and corporates will be afforded access to the firm’s cryptoasset and stablecoin payments infrastructure by way of a single integration, through its CASP and existing EU Electronic Money Institution (EMI) licences.
Upon final approval, the combination of Ripple’s CASP and EMI licences will make it fully MiCA-compliant.
Ripple says that, to meet growing regional demand for digital asset services and infrastructure, it will use the licence to expand into broader cryptoasset activities in the EU.
Commenting on the preliminary approval, Cassie Craddock, managing director, UK and Europe at Ripple, says: “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.”
Matthew Osborne, UK and Europe head of policy at Ripple, adds: “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.”
The firm received its preliminary approval as a “Green Light Letter”, which is subject to final conditions.
Ripple says it will be able to scale regulated cryptoasset services to financial institutions and businesses throughout the EU and its economic area.
European banks, fintechs, and corporates will be afforded access to the firm’s cryptoasset and stablecoin payments infrastructure by way of a single integration, through its CASP and existing EU Electronic Money Institution (EMI) licences.
Upon final approval, the combination of Ripple’s CASP and EMI licences will make it fully MiCA-compliant.
Ripple says that, to meet growing regional demand for digital asset services and infrastructure, it will use the licence to expand into broader cryptoasset activities in the EU.
Commenting on the preliminary approval, Cassie Craddock, managing director, UK and Europe at Ripple, says: “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.”
Matthew Osborne, UK and Europe head of policy at Ripple, adds: “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.”
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