Ripple Secures Crypto License in Luxembourg for MiCA Compliance

Crypto payments infrastructure firm Ripple has received a preliminary Crypto Asset Service Provider (CASP) license in Luxembourg. This milestone strengthens the company’s position in the European Union and full compliance ahead of the Markets in Crypto-Assets (MiCA) transition deadline.

Ripple Receives Crypto Asset Service Provider (CASP) License in Luxembourg

According to an official announcement by Ripple on June 23, it has received crypto license approval via a “Green Light Letter” from Luxembourg’s financial regulator CSSF.

The license under the Markets in Crypto Assets (MiCA) regulation to enable Ripple scale its crypto services to financial institutions and businesses across all 30 countries of the European Economic Area.

Notably, the CASP license and the existing electronic money institution (EMI) license in Luxembourg initiate full access to Ripple’s full cryptoasset and stablecoins payments infrastructure. European banks, fintechs, and corporates can collect, exchange, and pay out via a single integration for the first time.

This follows other European regulatory approvals, including a license from the UK FCA and partnerships in the EU region. This strengthens real-world use cases for Ripple-linked XRP, XRPL, and RLUSD.

“Financial market infrastructure is moving onchain – from cross-border payments and settlement to collateral management and tokenised assets – and banks and fintechs are actively building the digital asset capabilities they need to remain competitive,” said Cassie Craddock, Managing Director, UK & Europe at Ripple.

We have preliminary approval of our CASP license 🎉 Once fully approved, European banks, FIs and fintechs will be able to access our end-to-end cryptoasset and stablecoin payments infrastructure through a single regulated integration. The next wave of institutional digital asset…

— Cassie Craddock (@CraddockCJ) June 23, 2026

Firm Secures MiCA Compliance Ahead of Transition Deadline

The combined CASP and EMI licenses make Ripple fully MiCA compliant ahead of the July 1 transition deadline. Meanwhile, Binance is facing issues in MiCA compliance after its application in Greece faces a major roadblock.

Ripple also said its global license count has grown to more than 75. This positions the company as one of the more heavily licensed companies in crypto as the industry shifts toward regulated, institution-facing use cases.

XRP price bounces slightly after the crypto license in Luxembourg, with prices currently trading at $1.11. Trading volume has increased by more than 18% amid a massive rise in futures open interest on Binance.

The selloff is coming from US traders, with XRP futures open interest down almost 4% on CME in the last 4 hours, according to Coinglass data.