Ripple has received full authorization for a Crypto Asset Service Provider (CASP) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF), completing its MiCA requirements. The approval allows the company to offer regulated crypto asset services across all 30 countries in the European Economic Area.
The authorization was announced on July 6, 2026, following the preliminary approval Ripple received in June. With the final sign-off now in place, the company is confirmed as fully compliant under the EU’s Markets in Crypto-Assets framework, and its regulated end-to-end crypto payments product can be offered to financial institutions, corporates, and businesses across the region.
Luxembourg approval completes Ripple’s MiCA process
CSSF has now moved Ripple from conditional clearance to a fully active CASP license, closing out a licensing process the company built in stages. Ripple first obtained preliminary Electronic Money Institution (EMI) clearance in January 2026, followed by full EMI authorization in February. It then received a preliminary CASP green light in June before securing the final approval this week.
Under MiCA’s passporting model, a single authorization in Luxembourg can be used across the wider bloc, removing the need for separate licensing applications in each member market. That structure is especially important for firms offering cross-border services tied to payments, custody, liquidity, and treasury operations.
Ripple joins a limited group with full MiCA authorization
The CASP approval adds to Ripple’s existing EU EMI license and places the company among a small group of digital asset firms that now hold full authorization under MiCA. According to the report, Ripple’s services cover global payments, custody, liquidity, and treasury management, with the RLUSD stablecoin and XRP supporting those products.
Cassie Craddock, Managing Director for the UK and Europe at Ripple, said the milestone shows the company is ready for the post-transition MiCA market. She said, “This CASP authorisation means Ripple enters the post-transitional MiCA era fully compliant and ready to scale.” Craddock also said institutions across Europe want to build digital asset services with regulated partners, and that Ripple is licensed and ready to meet that demand.
Only a fraction of previously registered firms made the deadline
Ripple reached full MiCA authorization as much of the sector fell short of the conversion deadline. The report said that out of more than 1,200 firms that previously operated under national registrations, only around 210 had converted to full CASP authorization before the July 1, 2026 cutoff. After that date, unlicensed crypto firms serving EU clients are operating in breach of the regulation.
Binance was listed among the firms that did not complete the process in time. After withdrawing its CASP application in Greece, the exchange restricted services in France, Italy, Poland, and Spain from July 1, though user assets remained accessible during the wind-down period. At the same time, Ripple’s European licensing push has been running alongside its application for a US national banking license and a Federal Reserve master account intended to hold RLUSD reserves directly with the central bank.