'Let's Go': Ripple UK CEO Cheers European Milestone That Could Benefit XRP

Ripple today announced it has received authorization of its Crypto Asset Service Provider (CASP) license from Luxembourg's Commission de Surveillance du Secteur Financier (CSSF).

This follows the preliminary approval announced in June 2026 and confirms Ripple as fully MiCA-compliant, with its crypto payments solution now available to financial institutions, corporations, and companies in all 30 European Economic Area nations.

The CASP license, when combined with Ripple's existing EU Electronic Money Institution (EMI) licence, will allow European banks, fintechs, and corporations to access Ripple's entire cryptoasset and stablecoin payments infrastructure, enabling them to collect, exchange, and pay out through a single integration for the first time.

Ripple UK CEO Cassie Craddock celebrated the milestone in an X post. "We're fully licensed in Europe and excited to keep building on the incredible momentum of recent months. Let's go," Craddock wrote.

The executive noted a demand among the institutions Ripple works with across Europe to build their digital asset services alongside regulated partners, and the company is now licensed and ready to meet that demand.

Alongside its EU EMI license, Ripple's CASP approval places it among the few digital asset providers with full MiCA authorization, adding to a global portfolio of over 75 regulatory licenses.

$XRP, $RLUSD set to benefit

The $RLUSD stablecoin and $XRP underpin Ripple's solutions, which span global payments, custody, liquidity, and treasury management.

The CASP license approval will let Ripple expand its cryptoasset services to financial institutions and businesses across all 30 countries of the European Economic Area. As a result, the $RLUSD stablecoin and $XRP are set to benefit immensely.

The license also positions Ripple to delve into broader crypto-asset activities in Europe as it continues to meet rising European demand for digital asset services and infrastructure. Europe is already a key market for Ripple's products, with some of the world's major financial institutions among its customers.