XRP News: Ripple Receives Full MiCA CASP Authorization in Europe

Ripple has received full authorisation of its Crypto Asset Service Provider licence from Luxembourg’s financial regulator, completing the two-part regulatory structure that makes it one of the very few digital asset companies to be fully compliant under the European Union’s Markets in Crypto-Assets regulation.

The authorisation from Luxembourg’s Commission de Surveillance du Secteur Financier, announced on Monday, follows the preliminary approval Ripple received in June. Combined with the EU Electronic Money Institution licence the company obtained from the same regulator earlier this year, the approval means Ripple can now offer its complete end-to-end crypto payments infrastructure to financial institutions, fintechs and corporates across all 30 countries of the European Economic Area through a single integration.

The CASP licence authorises firms to provide crypto asset services on behalf of clients including exchange, transfer and custody. Together with the EMI licence, European banks and corporates can now access Ripple’s full payment stack, covering collection, exchange and pay-out functions, within a single regulated framework for the first time.

“This CASP authorisation means Ripple enters the post-transitional MiCA era fully compliant and ready to scale,” said Cassie Craddock, Managing Director for UK and Europe at Ripple. “The institutions we work with across Europe are looking to build their digital asset services alongside regulated partners, and Ripple is licensed and ready to meet that demand.”

The approval adds to a global portfolio of more than 75 regulatory licences, positioning Ripple among a small number of digital asset firms that have achieved full MiCA authorisation since the regulation came into effect. MiCA establishes a unified licensing framework across EU member states, replacing the patchwork of national regulations that previously required separate approvals in each country.

Ripple’s European client base already spans some of the region’s largest financial institutions, and the company has been expanding its presence across major payment corridors in the region. The combined CASP and EMI permissions give those clients and prospective partners the regulatory certainty they require before committing to digital asset infrastructure at institutional scale.

Brad Garlinghouse Brad Garlinghouse at Ripple   Brad Garlinghouse is the Chief Executive Officer of Ripple, where he has served in the role since January 2017. He joined Ripple in 2015 as President and Chief Operating Officer and describes his work there as focused on advancing the company’s vision of the internet of Value and the possibilities for digital assets. His professional background spans technology companies, executive leadership, startups, venture capital, and digital assets. Before Ripple, Garlinghouse held senior leadership positions at Hightail, AOL, and Yahoo, along with advisory and board roles at several technology companies. He holds an MBA from Harvard Business School and a BA from the University of Kansas.   Quick Facts about Brad Garlinghouse:   Field Details Full Name Brad Garlinghouse Current Position Chief Executive Officer Current Company Ripple Location Miami-Fort Lauderdale Area Industry Technology, digital assets Primary Expertise Executive leadership, startups, venture capital Specializations Technology management, business development, digital assets Current Focus Ripple's vision of the Internet of Value and the possibilities for digital assets Previous Leadership Roles President and COO at Ripple; CEO at Hightail; President, Applications and Commerce at AOL; SVP, Communications, Community and Front Doors at Yahoo; General Partner at @Ventures Previous Companies / Organizations Yahoo, AOL, Hightail, Silver Lake, Dialpad, @Ventures, @Home Network, Animoto, Tonic Health, Ancestry.com Education MBA; BA University Harvard Business School; The University of Kansas Degree MBA; BA Net Worth His net worth is estimated to be around $10 billion, derived from his XRP holdings and 6.3% stake in Ripple.    Career Overview of Brad Garlinghouse:   Brad Garlinghouse developed his career through roles spanning business development, venture capital, technology leadership, and executive management. He began in business development at @Home Network before becoming General Partner at @Ventures and later CEO of Dialpad. He spent more than five years at Yahoo, ultimately serving as SVP of Communications, Community and Front Doors, followed by roles at Silver Lake and AOL. He later became CEO of Hightail while also serving on technology company boards. Garlinghouse joined Ripple in 2015 as President and COO before becoming CEO in 2017.   EntrepreneurInvestorChief Executive OfficerBoard Member