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Ripple Secures MAS Approval to Broaden Payment Services in Singapore

Ripple Secures MAS Approval to Broaden Payment Services in Singapore

Ripple’s expanded MPI license in Singapore empowers its regulated platform to integrate XRP and RLUSD for streamlined global settlements and cross-border payments across high-growth regions.

XRP
RLUSD

Fact Check
The assessment is 'likely_true' with high confidence based on strong and consistent evidence from the most credible sources. The primary evidence is an official press release directly from Ripple's website, which is a high-authority, primary source explicitly stating that the Monetary Authority of Singapore (MAS) approved an expanded scope for its payment institution license. This is strongly corroborated by a report from a respected industry publication, Fintech News Singapore, which independently confirms the news. The other two sources, while lower in authority, also support the statement. One is a secondary report from a social media aggregator, and the other is from a crypto-focused site whose credibility is questionable. However, the critical factor is that all provided sources, regardless of their individual authority, are consistent, and there is no contradictory evidence. The combination of a primary source from the company itself and corroboration from a reputable financial news outlet makes the statement highly probable.
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Summary

In an official statement on December 1, 2025, Ripple announced the Monetary Authority of Singapore’s approval to extend its Major Payment Institution license for Ripple Markets APAC Pte. Ltd. The upgrade authorizes a fully regulated, end-to-end payments platform capable of fund collection, custody, token conversion, and payouts. XRP and Ripple’s stablecoin RLUSD are embedded into the system to facilitate faster, more transparent settlements for financial institutions worldwide. Ripple’s strategic partnerships, such as with Bahrain Fintech Bay, support pilot programs and liquidity corridors in the Gulf region. The company recently raised $500 million in November 2025, valuing it at approximately $40 billion, to accelerate scaling of payment infrastructure and enterprise tools. The enhanced license positions Ripple to integrate regulated XRP-powered rails in markets across Africa, Asia-Pacific, and beyond.

Terms & Concepts
  • Monetary Authority of Singapore (MAS): The central bank and financial regulatory authority of Singapore, overseeing monetary policy, banking, and financial institutions.
  • MPI License: A Major Payment Institution license in Singapore that allows companies to provide payment services beyond basic thresholds.
  • RLUSD: Ripple’s proprietary stablecoin, designed to provide consistent value and facilitate token-based settlement within its payment infrastructure.