Ripple Labs has received authorisation from Singapore’s central bank to grow its regulated payment business in the area. This is a giant step towards the company’s goal of expanding around the world. The Monetary Authority of Singapore (MAS) handed Ripple Markets APAC, a subsidiary of the company, permission to grow its business under its Major Payment Institution (MPI) licence.
Ripple’s President, Monica Long, stated that the move shows how much the business values “Singapore’s forward-thinking approach. She also said that the bigger licence will make it easier for Ripple to invest in the area and establish infrastructure that lets banks move money quickly, safely, and easily. Ripple Payments helps banks and enterprises do business across borders by using digital payment tokens like its stablecoin RLUSD and XRP.
Huge news from Singapore: https://t.co/KVxTs7IEKc
The @MAS_sg has approved an expanded scope of payment activities for our Major Payment Institution license – enabling us to deliver end-to-end, fully licensed payment services to our customers in the region. 🇸🇬— Ripple (@Ripple) December 1, 2025
Strategic purchases make institutional offerings stronger.
Ripple has always been looking for companies to buy so it can offer better services to enterprises. The business bought Palisade, a company that keeps and manages cryptocurrency, on November 4. This acquisition comes after Ripple bought several companies earlier this year to make its crypto solutions better for businesses.
Since Ripple acquired itsMPI licence in 2023, it has been able to offer regulated digital payment token services in Singapore. This includes buying and selling digital tokens and giving places for trades to happen. Ripple has been doing business in Singapore since 2017, which it deems a “pivotal” market for its broader business strategy.
The Asia-Pacific region is becoming a centre for crypto growth
Fiona Murray, Ripple’s Vice President and Managing Director for Asia Pacific, said that the region is quickly adopting cryptocurrencies, with on-chain activity expanding by about 70% every year.
According to Chainalysis’ 2025 Global Adoption Index, the Asia-Pacific region is the leader in year-on-year crypto adoption, with total transaction values growing 69% to $2.36 trillion. India, Pakistan, and Vietnam had the biggest increases, but the Philippines, South Korea, and Thailand were also in the top 20.