Ripple gains Luxembourg CASP licence for European crypto payments

Ripple said it has received a Crypto Asset Service Provider licence from Luxembourg’s Commission de Surveillance du Secteur Financier, giving the blockchain payments company full authorisation under Europe’s MiCA framework. The company said the approval makes its regulated crypto payments product available to financial institutions, corporates and businesses across all 30 countries of the European Economic Area.

The authorisation follows preliminary approval announced in June 2026, according to Ripple. The company said the decision places it in the post-transitional phase of Markets in Crypto-Assets regulation with a licence covering its end-to-end crypto payments offering in Europe.

A CASP authorisation is the regulatory permission used under MiCA for firms providing crypto-asset services in the European Union. In Ripple’s case, the company said the licence supports a payments product intended for institutional and business clients, rather than a consumer exchange service described in the announcement.

Ripple said the Luxembourg approval sits alongside its existing EU electronic money institution licence. An EMI licence is used by payments firms to issue electronic money and provide regulated payment services, while the CASP approval covers crypto-asset services under MiCA. Together, Ripple said the permissions expand its regulated position in Europe.

Cassie Craddock, Ripple’s managing director for the UK and Europe, said the CASP approval means the company is “fully compliant and ready to scale” as MiCA’s transitional period ends. She said institutions in Europe want to build digital-asset services with regulated partners, and that Ripple is licensed to meet that demand.

Ripple also said the Luxembourg authorisation adds to a wider regulatory portfolio of more than 75 licences globally. The company described itself as one of a small number of digital-asset firms with full authorisation under MiCA, though it did not name the other firms or provide a comparative list.

The approval gives Ripple a clearer regulatory basis for serving European clients at a time when digital-asset companies are seeking licences that can support cross-border operations in the region. MiCA was designed to create a common rulebook for crypto-asset activities across participating European markets, reducing reliance on separate national regimes for firms that fall within its scope.

Ripple did not disclose expected revenue from the European authorisation, any new client mandates tied to the licence, or whether the approval changes the pricing of its crypto payments services. The announcement focused on regulatory status and availability of the product across the EEA.

This story draws on original reporting from Finextra Research.