Ripple has obtained preliminary approval under the EU’s Markets in Crypto Assets (MiCA) framework for a Crypto Asset Service Provider license, positioning it to expand regulated services across all 30 countries in the European Economic Area.
The company disclosed the development on June 23, 2026. The authorization was issued as a “Green Light Letter” and remains subject to final conditions before full approval is granted.
Ripple explained:
“It will enable Ripple to scale regulated cryptoasset services to financial institutions and businesses across all 30 countries of the European Economic Area.”
CASP and EMI Licenses Put Ripple Closer to Full MiCA ComplianceCassie Craddock, Managing Director for the UK and Europe at Ripple, highlighted increasing institutional demand for digital asset capabilities. She pointed to areas such as cross-border payments, settlement infrastructure, collateral management, and tokenised assets as segments transitioning toward onchain systems.
Ripple added:
“Upon full approval, these combined CASP and EMI licenses will make Ripple fully MiCA-compliant”
Matthew Osborne, Head of Policy for the UK and Europe, acknowledged Luxembourg’s regulator for its role in the licensing process. He described the jurisdiction as a central base for Ripple’s European operations, citing its regulatory clarity and established financial oversight.
