Ripple Lands EU Regulatory Win with CASP License, Expands Institutional Footprint

Ripple has secured a preliminary Crypto Asset Service Provider (CASP) license from Luxembourg's financial regulator under the EU's Markets in Crypto Assets (MiCA) regulation.

This approval allows Ripple to offer regulated crypto-asset services across all 30 European Economic Area countries through a single authorization, leveraging MiCA's passporting mechanism.

The CASP license is combined with Ripple's existing Electronic Money Institution (EMI) license, enabling European banks and fintechs to access Ripple's complete payment infrastructure through a single regulated integration for the first time.

XRP fell approximately 2.9% on the day of the announcement due to lack of clarity around XRP's direct involvement in this regulatory win.