Posted 10/4/2023, 2:00:00 AM
Ripple Secures Major Payments License in Singapore, Bolstering Asia Pacific Presence
- Ripple's Singapore arm secured license as major payments institution from Monetary Authority of Singapore.
- Allows Ripple to keep providing digital payment token services in fast-growing Asia Pacific region.
- Singapore is Ripple's Asia Pacific headquarters for 6 years.
- Ripple was granted preliminary approval in June, now formal license for Ripple Markets APAC subsidiary.
- Ripple does about 90% of business outside U.S., has been fighting with SEC over right to operate in U.S.
