Ripple wins full MiCA CASP authorization in Luxembourg

Ripple received full Crypto Asset Service Provider (CASP) authorization from Luxembourg’s Commission de Surveillance du Secteur Financier on July 6, 2026, upgrading a preliminary Green Light Letter issued on June 23. The authorization activates MiCA passporting and allows Ripple to offer regulated crypto-asset services across all 30 European Economic Area countries from its Luxembourg regulatory base.

The CASP authorization covers custody, exchange, transfer and related crypto-asset services under the Markets in Crypto-Assets (MiCA) framework. With passporting, Ripple can provide those services in EEA member states without seeking separate national approvals. The full authorization was issued after MiCA’s July 1 enforcement deadline, which ended transitional arrangements for firms that had been operating under national regimes. European Securities and Markets Authority records showed 280 firms had secured CASP authorization as of July 3 out of more than 3,000 companies that previously operated under national licenses.

Ripple holds an EU Electronic Money Institution license received in February 2026. The EMI license covers issuance of electronic money and regulated fiat payment services under EU payments rules, while the CASP authorization governs crypto-asset custody, exchange and transfer under MiCA. Together the two licenses permit a single regulated integration that can handle both fiat and crypto legs of end-to-end payments through the Luxembourg structure.

The combined authorizations provide a regulatory pathway for Ripple’s USD-backed stablecoin, RLUSD, to be issued and redeemed under MiCA’s stablecoin rules via the Luxembourg entity. RLUSD had exceeded $300 million in circulation by the first quarter of 2026 and has expanded distribution through partnerships and approvals in other jurisdictions. Ripple also holds regulatory credentials from the New York Department of Financial Services and Japan’s Financial Services Agency.

Luxembourg’s CSSF is a common choice for firms seeking EEA passporting because a full CASP authorization there allows access to the entire EEA market under a single regulatory relationship. Firms that did not secure CASP authorization by the enforcement deadline face limits or suspensions of services across the EEA unless they obtain approval.

Ripple Payments, the company’s enterprise cross-border payments product, has processed more than $100 billion in transaction volume across more than 60 markets. Company filings state Ripple holds more than 75 licenses globally.

Cassie Craddock, Managing Director UK and Europe at Ripple, commented, “The CASP authorization lets us operate across the EEA from Luxembourg in line with MiCA rules. European banks and fintechs are building digital asset capabilities for cross-border payments, settlement and tokenized assets.”