Ripple Secures Singapore MPI License as XRP ETF Hits Record Volume

Ripple Secures Major Payments Institution License From Singapore Regulator, Expands Asia-Pacific Footprint

Yesterday, Ripple secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, enabling it to expand regulated payment services from its Singapore hub and strengthen its presence in the Asia-Pacific region.

Securing the MPI license, one of Singapore’s highest regulatory approvals for payment providers, allows Ripple to expand its services to institutional and retail clients under MAS’s strict compliance standards. 

This achievement places Ripple among a select group of blockchain companies worldwide, highlighting its credibility, operational maturity, and commitment to regulatory excellence.

Ripple’s MPI authorization positions the company to accelerate adoption of XRP and the RLUSD stablecoin, particularly for cross-border payments. By leveraging blockchain, Ripple enables faster settlements, lower costs, and greater efficiency. The license also allows Ripple to expand institutional partnerships across Asia, providing a secure, compliant, and scalable alternative to traditional payment networks.

Singapore has emerged as a leading fintech hub in Asia, with MAS driving blockchain and digital payment innovation. Ripple’s MPI license underscores its confidence in the region’s regulatory framework and signals a strategic push to expand its share of the growing cross-border payments market.

For Ripple, securing the MPI license goes beyond service expansion, it reinforces institutional and investor confidence. The license signals rigorous validation of Ripple’s operational integrity, risk management, and financial stability, key pillars for long-term adoption of digital assets in regulated markets.

Ripple President Monica Long praised the move, saying, 

With this milestone, Ripple strengthens its leadership in Asia-Pacific’s digital payments transformation. Broader access to regulated services and heightened trust from financial institutions position the company to accelerate adoption of XRP and RLUSD, cementing its role as a major force in global blockchain payments.

XRP ETFs Smash Records with Nearly $41M in Trading Volume

XRP ETFs surged to nearly $41 million in single-day trades, marking a historic high. Analyst Diana called the milestone a clear signal of rising institutional interest and growing investor confidence.

Notably, the market saw a major shake-up, led by Bitwise with $11.69M in trading volume, outperforming expectations. Franklin Templeton followed at $9.10M, with Canary Capital and REX-Osprey at $8.94M and $8.38M. Even Grayscale, typically dominant, recorded $2.70M, marking an unusually high-volume day across the crypto ETF sector.

Analysts attribute XRP’s surge to growing ETF momentum and rising institutional adoption. According to Diana, these record volumes signal more than numbers, they reflect a shift in market sentiment, with investors strategically favoring XRP-backed ETFs over traditional crypto assets.

Notably, Bitwise’s strong outperformance over Franklin Templeton highlights a growing trader preference for ETFs with robust liquidity and competitive pricing, signaling a potential shift in XRP ETF market leadership. 

The record-breaking activity also underscores XRP’s evolution from speculative asset to mainstream financial instrument, as expanding institutional participation boosts liquidity, stabilizes volatility, and deepens market depth, key drivers for sustained growth.

XRP ETFs are rapidly emerging as a cornerstone of the digital asset ecosystem, drawing both institutional and retail interest. This surge signals strong demand, with potential for continued volatility but significant upside as XRP-backed ETFs gain traction.

Today’s milestone underscores XRP’s resilience amid regulatory and market pressures, highlighting its growing role as a mainstream investment vehicle. Analysts are now watching to see if this high-volume trend marks a lasting shift or a temporary spike in XRP ETF activity.

Conclusion

With the MPI license, Ripple strengthens its credibility in Asia’s strict regulatory landscape and paves the way for broader adoption of XRP and RLUSD in cross-border payments, reaffirming its leadership in blockchain-based financial solutions and signaling readiness to drive innovation, efficiency, and trust in digital payments.

On the other hand, the record $41M trading volume marks a pivotal moment for XRP ETFs, signaling growing institutional adoption and investor confidence. 

Led by Bitwise and closely followed by major funds, the surge reflects deepening liquidity and heightened market activity, positioning XRP ETFs as a central player in the evolving crypto landscape and a promising mainstream investment.