Ripple Secures Major Payments Institution License from the Monetary Authority of Singapore
Retrieved on:
Wednesday, October 4, 2023
Ripple , the leader in enterprise blockchain and crypto solutions, announced today that its Singapore subsidiary Ripple Markets APAC Pte Ltd has secured its Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS).
Key Points:
- Ripple , the leader in enterprise blockchain and crypto solutions, announced today that its Singapore subsidiary Ripple Markets APAC Pte Ltd has secured its Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS).
- The issuance of Ripple’s MPI license for digital payment tokens (DPTs) follows the MAS’ in-principle approval of its license application in June 2023 .
- “Since establishing Singapore as our Asia Pacific headquarters in 2017, the country has been pivotal to Ripple’s global business.
- The company will continue to prioritize the Asia Pacific region for adoption of its crypto-enabled payments solutions.