Ripple Targets New License to Drive EU Expansion for XRP and RLUSD

Expanding XRP’s Reach in Europe

In December 2023, Ripple secured registration as a Virtual Asset Service Provider (VASP) with the Central Bank of Ireland. That step enabled the company’s Irish entity to offer limited crypto-related services within the country.

However, the Markets in Crypto-Assets (MiCA) framework, which became fully effective in December 2024, introduces a harmonized licensing regime across all EU and EEA countries.

By obtaining a MiCA license, Ripple could offer its services across the region with a single authorization. The regulatory alignment would not only streamline Ripple’s European operations but it would also expand the compliant use of XRP as part of its cross-border payment ecosystem.

Building Infrastructure Around XRP

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While Ripple continues to develop products such as RLUSD, XRP remains central to the company’s on-chain liquidity solutions. Ripple’s On-Demand Liquidity (ODL) product, already used in several corridors, relies on XRP to enable near-instant settlement.

A MiCA license would allow Ripple to scale this infrastructure across the EU with greater regulatory clarity, making XRP more accessible within formal financial systems.

European financial institutions evaluating tokenized payment rails under MiCA would be able to engage Ripple’s services, and, by extension, XRP, within a fully authorized framework.

A crypto researcher recently revealed that XRP will be classified as a utility token under MiCA. He also claimed that legal certainty could make the asset more attractive as a liquidity tool in cross-border payments under EU law.

A Long-Term Play for XRP’s Utility in Europe

Earlier this year, Ripple also established Ripple Payments Europe S.A. in Luxembourg, further signaling its intent to solidify a regulated presence in the EU. The company is reportedly pursuing an Electronic Money Institution (EMI) license in the country, adding to its list of licenses from across the globe.

Though XRP is not a stablecoin, its role in facilitating liquidity and value transfer within Ripple’s network would likely benefit from the added institutional access and legal backing a MiCA license provides.

Ripple’s MiCA license bid signals a shift toward serving regulated European institutions, aiming to embed XRP in compliant payment services and boost adoption by providing legal certainty for digital asset use across the EU.

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