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Ripple Targets New License to Drive EU Expansion for XRP and RLUSD

2025-07-17 10:08:38

Ripple Targets New License to Drive EU Expansion for XRP and RLUSD

Main Idea

Ripple aims to obtain a MiCA license to expand its regulatory compliance and enhance the utility of XRP and RLUSD in the European market under the new EU crypto framework.

Key Points

1. Ripple plans to secure a MiCA license to streamline its operations across the EU and EEA, following its registration as a VASP in Ireland in December 2023.

2. The MiCA framework, effective December 2024, provides a harmonized licensing regime, facilitating Ripple's expansion and integration into Europe's financial systems.

3. XRP remains central to Ripple's liquidity solutions, particularly in its On-Demand Liquidity (ODL) product, which is used in several payment corridors.

4. A crypto researcher noted that XRP will be classified as a utility token under MiCA, potentially increasing its attractiveness for cross-border payments in the EU.

5. Ripple established Ripple Payments Europe S.A. in Luxembourg, reinforcing its commitment to a regulated presence in the EU and embedding XRP in compliant asset use.

Description

Ripple has announced its intention to obtain a MiCA license, a strategic move that could enable the broader institutional adoption of its digital asset infrastructure across the European Union. WhaleFUD shared this update on X as part of Ripple’s expanding regulatory efforts in the region. Expanding XRP’s Reach in Europe In December 2023, Ripple secured registration as a Virtual Asset Service Provider (VASP) with the Central Bank of Ireland. That step enabled the company’s Irish entity to offer ...

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Cryptocurrency News Ripple XRP
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