Ripple Secures EU-Wide Crypto Passport Under MiCA Framework

The authorization, which follows Ripple’s earlier approval in Luxembourg, allows the company to serve financial institutions and corporate clients throughout the European Economic Area. By combining its existing electronic money institution license with this new status, Ripple can now facilitate fund collection, asset exchange, and payments via a single integration point. The firm has confirmed these services may utilize XRP, the XRP Ledger, and the RLUSD stablecoin depending on specific client requirements.

Ripple’s entry coincides with a broader trend of institutional adoption within the MiCA framework. ESMA also added Portugal’s Bison Bank, Croatia’s Hrvatska poštanska banka, and Liechtenstein’s Kaiser Partner Privatbank to the registry, signaling that traditional lenders are increasingly seeking to integrate digital asset capabilities. While the total number of authorized providers has reached 294, regulators are now shifting their focus toward the operational challenges posed by the post-transitional landscape. Bruna Szego, chair of the Anti-Money Laundering Authority, recently warned that firms must maintain rigorous compliance standards as they absorb customers migrating from platforms that failed to meet the July 1 deadline.