Ripple Secures Licenses to Use XRP and RLUSD for Settlements in Singapore
Ripple announced it has secured licensing that permits Singapore businesses to use XRP and RLUSD as approved settlement options. The approval allows firms operating in the city-state to settle transactions using both the native XRP token and RLUSD, Ripple’s USD-linked token, expanding payment choices beyond fiat rails and traditional banking corridors. This change takes effect immediately and applies across eligible commercial use cases.
The decision is a notable regulatory win for Ripple and signals growing institutional acceptance of tokenized settlement tools in Asia. For corporates and payment providers, the move could reduce settlement friction, speed cross-border transfers, and support new treasury workflows. Market participants will watch whether this sets a precedent for other financial centers seeking to integrate crypto-native settlement mechanisms into regulated business processes.