Ripple received preliminary authorization for a Crypto Asset Service Provider (CASP) license under the European Union's Markets in Crypto Assets (MiCA) regulation on June 23, 2026, advancing plans to deliver regulated crypto asset services across the 30-country European Economic Area. The authorization was issued as a "Green Light Letter" and remains subject to final conditions before full approval is granted. The preliminary approval positions Ripple to scale institutional crypto payment infrastructure across Europe, where the company maintains an existing client base of major financial institutions operating under MiCA's regulatory framework.
Ripple Receives Preliminary CASP Authorization Under EU MiCA Regulation
Ripple disclosed the preliminary CASP authorization on June 23, 2026. The company stated the authorization "will enable Ripple to scale regulated cryptoasset services to financial institutions and businesses across all 30 countries of the European Economic Area."
Following full authorization, banks, fintech firms, and corporate clients would gain access to Ripple's crypto asset and stablecoin payments infrastructure through a single integration. The system is built to handle end-to-end transaction flows, including collection, conversion, and payout for institutional users.
The preliminary CASP approval provides a regulatory pathway for expanding crypto asset services in Europe. Ripple identified the region as a key market, supported by an existing client base that includes major financial institutions.
CASP License to Operate Alongside Existing EU EMI License
The pending CASP license is expected to operate alongside Ripple's existing EU Electronic Money Institution (EMI) license, forming a combined regulatory framework for payments and digital asset services under MiCA. Ripple stated: "Upon full approval, these combined CASP and EMI licenses will make Ripple fully MiCA-compliant."
Cassie Craddock, Managing Director for the UK and Europe at Ripple, highlighted institutional demand for digital asset capabilities. She pointed to cross-border payments, settlement infrastructure, collateral management, and tokenized assets as segments transitioning toward onchain systems.
Matthew Osborne, Head of Policy for the UK and Europe, acknowledged Luxembourg's regulator for its role in the licensing process. He described the jurisdiction as a central base for Ripple's European operations, citing its regulatory clarity and established financial oversight.
Ripple Operates Across 60+ Markets With 75+ Regulatory Licenses
Ripple's payments network has processed more than $100 billion in transaction volume and operates across more than 60 markets globally. The company holds more than 75 regulatory licenses worldwide.
Services supported by Ripple's regulatory framework include cross-border payments, digital asset custody, liquidity solutions, treasury management, RLUSD, and infrastructure built around XRP.
FAQ
What did Ripple receive on June 23, 2026?
Ripple received preliminary authorization for a Crypto Asset Service Provider (CASP) license under the EU's Markets in Crypto Assets (MiCA) regulation on June 23, 2026. The authorization was issued as a "Green Light Letter" and remains subject to final conditions before full approval is granted.
How does the CASP license relate to Ripple's existing EU licenses?
The pending CASP license is expected to operate alongside Ripple's existing EU Electronic Money Institution (EMI) license. Ripple stated that upon full approval, these combined CASP and EMI licenses will make Ripple fully MiCA-compliant, forming a regulatory framework for payments and digital asset services across the 30-country European Economic Area.
What is Ripple's global regulatory and operational footprint?
Ripple's payments network has processed more than $100 billion in transaction volume and operates across more than 60 markets globally. The company holds more than 75 regulatory licenses worldwide, supporting services that include cross-border payments, digital asset custody, liquidity solutions, treasury management, RLUSD, and XRP infrastructure.
