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- Ripple secures preliminary EMI approval in Luxembourg to expand regulated EU payments.
- UK and Luxembourg licenses boost Ripple’s cross-border payments footprint in Europe.
- RLUSD gains Abu Dhabi approval, strengthening Ripple’s regulated global payments reach.
Ripple has obtained preliminary approval for an Electronic Money Institution (EMI) license in Luxembourg. The decision came through a “green light letter” issued by the Commission de Surveillance du Secteur Financier. The authorization is not yet final but marks a major step for Ripple’s plans in the European Union. It expands the company’s pathway to deliver regulated digital-asset payments across the region.
Ripple said the Luxembourg approval strengthens its ability to support stablecoin and digital-asset transactions under an approved regulatory structure. The decision follows Ripple’s latest progress in the United Kingdom. There, the company secured an EMI license and a cryptoasset registration from the Financial Conduct Authority. Both jurisdictions play a central role in Europe’s financial system.
The two approvals give Ripple a wider platform to scale its cross-border payments service. They also arrive as Europe prepares to enforce its Markets in Crypto-Assets framework. Ripple said this clarity allows financial institutions to adopt blockchain technology with greater confidence.
Ripple Payments Strengthens Institutional Adoption
Ripple President Monica Long said regional rules have pushed banks to explore digital settlement tools beyond trial phases. She noted that the licensing progress will help institutions modernize outdated payment systems. She also said the company aims to combine stablecoins with on-chain liquidity to enable continuous settlement.
Ripple Payments functions as a licensed, end-to-end cross-border platform. The service handles transaction flow and connects clients to a broad global network. Ripple manages the underlying blockchain infrastructure, allowing institutions to offer digital services without maintaining their systems.
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The company said Ripple Payments has processed more than $95 billion in transactions. It also reported access to over 90% of daily foreign exchange markets through its network. Ripple holds more than 75 licenses and registrations worldwide. This makes it one of the most regulated firms in the digital-asset sector.
RLUSD Gains Abu Dhabi Approval as Global Reach Widens
Cassie Craddock, the managing director of Ripple for the UK and Europe, stated that Luxembourg has a powerful regulatory structure to support innovative financial innovation in line with regulation.
She referred to the initial acceptance as a significant step in the development of Ripple’s expansion within the EU. She also said that the company has been keeping its operations in line with current developments in European needs.
Ripple is improving even beyond Europe. Recently, its dollar-stabilized stablecoin, RLUSD, was approved in Abu Dhabi. The local regulator accepted the asset to be an Accepted Fiat-Referenced Token. The licensing enables the use of RLUSD by licensed firms in the Abu Dhabi Global market to conduct financial operations that are regulated.
Ripple also entered the United Arab Emirates based on approvals from Abu Dhabi and Dubai. The company has formed collaborations with local institutions such as Zand bank and Mamo. Ripple asserted that such measures would aid its overall pursuit of the creation of stable and regulated rails of payment within global markets.
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