Ripple has secured a complete Crypto Asset Service Provider (CASP) authorization from Luxembourg's Commission de Surveillance du Secteur Financier, allowing the firm to offer regulated crypto payments, custody, and digital asset services across all 30 countries of the European Economic Area. The approval, granted after the European Union's MiCA transition period ended on July 1, builds on preliminary clearance received in June 2026 and confirms full compliance with the new regulatory framework.
Dual License Coverage in Europe
The new CASP authorization complements Ripple's existing Electronic Money Institution (EMI) license in Luxembourg. Together, the two permits enable both electronic money issuance and crypto-asset operations under a single regulatory umbrella across the region. Cassie Craddock, Ripple's Managing Director for the United Kingdom and Europe, said the authorization positions the company for the post-transition MiCA environment, adding that European financial institutions continue to seek regulated digital asset providers.
75+ Regulatory Milestones Worldwide
Ripple stated that it now holds more than 75 regulatory licenses globally following the CASP approval. The company described itself as one of a limited number of digital asset firms with full MiCA authorization. Meanwhile, Ripple's blockchain-based payments network has processed over $100 billion across more than 60 markets. Financial institutions, businesses, and corporate clients throughout the European Economic Area can now access this regulated payments infrastructure.
Regulatory Window Closes
The end of the EU's MiCA transition period on July 1 forced crypto firms to obtain authorization or cease regulated services within the bloc. According to the European Securities and Markets Authority, licensed companies can generally passport regulated crypto services throughout the EEA, though national regulators retain supervision within their jurisdictions. Not all firms completed the process before the deadline—reports indicate some are still pursuing authorization through other EU member states.
Ripple's policy lead for the UK and Europe, Matthew Osborne, previously described Luxembourg's regulatory framework as a key part of the company's European operations. With dual licenses covering both electronic money and crypto assets, Ripple has laid a compliance foundation for further regional expansion.