Luxembourg's financial regulator CSSF issued Ripple a preliminary Crypto Asset Service Provider license on June 23, 2026, clearing a path for the company to offer cryptoasset and stablecoin payment services across all 30 European Economic Area countries under MiCA's home-state passporting rule, according to a Ripple press release.
The approval takes the form of a "Green Light Letter" and remains subject to final conditions; CSSF has not yet issued full authorization. When finalized, the CASP license would combine with Ripple's existing EU Electronic Money Institution license, also held through Luxembourg, to let European banks, fintechs, and corporates access Ripple's collect-exchange-payout infrastructure through a single integration for the first time, the company said. "MiCA has helped to unlock a new wave of institutional digital assets adoption, and we are seeing that demand accelerate," said Cassie Craddock, Ripple's Managing Director for UK & Europe.
The license arrived the same week Binance suspended services across several EU countries by July 1 after failing to secure a MiCA license, CoinDesk reported.
Ripple launched its RLUSD dollar stablecoin in Japan on June 25 following a separate regulatory process but has not announced a specific EU rollout date for the token. Ripple's XRP token remains subject to ongoing US securities litigation, which is separate from and has no bearing on the European regulatory framework.
The company holds more than 75 regulatory licenses globally, per the press release.