Ripple’s APAC head Fiona Murray says institutional demand in Australia supports the cost of pursuing an Australian Financial Services Licence, with the firm targeting April and exploring an acquisition route. The move is aimed at expanding institutional access and on‑ramp services in the region.
Luxembourg’s CSSF upgraded Ripple from in-principle approval to a full Electronic Money Institution license, enabling the firm to operate Ripple Payments across the EU. The authorization could accelerate fiat rails and institutional adoption while leaving crypto asset rules separate.