#CryptoServices

Ripple secures full MiCA CASP authorization for crypto services across 30 EEA countries

Ripple has officially secured full Crypto-Asset Service Provider (CASP) authorization from Luxembourg, granting the company the legal framework to offer regulated crypto services across all 30 European Economic Area (EEA) countries. This milestone follows Ripple's previous registration as a virtual asset service provider in Ireland and signifies a major expansion of its regulatory footprint within the European market. By obtaining this comprehensive license, Ripple can now provide a unified suite of digital asset services to institutional and enterprise clients throughout the region under the Markets in Crypto-Assets (MiCA) regulation. This development is significant for the RWA market as it establishes a compliant infrastructure for the tokenization and cross-border movement of assets within the EU. The move positions Ripple to better facilitate the integration of traditional finance with blockchain technology by leveraging a standardized regulatory environment. As MiCA becomes the global benchmark for digital asset oversight, Ripple's ability to operate seamlessly across the EEA enhances its competitive advantage in the institutional RWA sector. This regulatory clarity is expected to accelerate the adoption of Ripple's payment and tokenization solutions among European financial institutions.

The Block·Jul 6