Ripple wins preliminary MiCA CASP approval from Luxembourg
Luxembourg regulator granted Ripple preliminary CASP approval under the EU’s MiCA, potentially allowing the company to offer regulated crypto services across the 30-country EEA if finalized.
Luxembourg’s financial regulator has granted Ripple preliminary approval for a crypto-asset service provider (CASP) license under the European Union’s Markets in Crypto-Assets Regulation (MiCA). If finalized, the authorization would allow Ripple to offer regulated crypto services across the European Economic Area (EEA) through a single regulatory passport covering 30 countries.
The CASP approval builds on an electronic money institution (EMI) license Ripple received in February 2026. Together, the two permissions would permit the company to provide regulated crypto services, including stablecoin payments, to banks, fintechs and other businesses across the EEA. Ripple stated the approvals would enable a combined crypto-asset and stablecoin payments infrastructure via a single integration for corporate clients.
The regulator’s preliminary decision arrived days before MiCA’s July 1 transitional deadline, when EU countries begin full application of the new rules. Firms in the sector have been seeking MiCA authorizations ahead of that date; several large exchanges have not yet secured approvals under the new framework.
Under MiCA, a validated CASP authorization allows service providers to operate trading, custody and related crypto services within the EEA when one EU regulator approves and the firm passports that approval across other member states. The regulation sets specific requirements on transparency, governance and consumer protection for crypto assets and stablecoins.
Cassie Craddock, managing director for the UK and Europe at Ripple, described MiCA as helping ‘unlock a new wave of institutional digital assets adoption’ and added that demand for crypto services has accelerated across the region.
Ripple holds more than 75 regulatory licenses worldwide, including a UK approval issued in January 2026. Luxembourg’s regulator did not immediately respond to requests for comment. Market participants and regulators will watch the coming weeks as companies complete MiCA filings and seek final approvals.
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