Ripple has received Crypto-Asset Service Provider, or CASP, authorization from Luxembourg’s financial regulator, the CSSF. With this approval, the company has completed its authorization process under the European Union’s MiCA regulation.
Ripple had received preliminary approval in June. The full authorization has now arrived. According to Ripple, the company is now fully MiCA-compliant, and its end-to-end regulated crypto payments product is available to financial institutions, companies, and businesses across the European Economic Area.
Cassie Craddock, Ripple’s Managing Director for the United Kingdom and Europe, said the authorization puts the company in a fully compliant and growth-ready position in the post-transition MiCA era. According to Craddock, institutions in Europe want to build digital asset services with regulated partners, and Ripple now has the license needed to meet that demand.
License count exceeds 75
The new CASP authorization adds to Ripple’s existing EU Electronic Money Institution license. The company’s global license count has now surpassed 75. Ripple also received cryptoasset registration from the FCA in the United Kingdom in January 2026.
In recent years, the company has placed regulatory approvals at the center of its growth strategy. Ripple has chosen to obtain separate licenses in each market to scale its cross-border payments infrastructure with banks and financial institutions. This approach differs from some of its competitors, which prefer to serve the entire bloc with a license obtained from a single EU country.
The authorization came just days after MiCA’s transition period ended on July 1. The new framework replaces national crypto licensing systems with a single structure and allows authorized exchanges and custody service providers to offer services across the European Economic Area.
According to ESMA’s MiCA register update dated July 3, 280 companies have received CASP authorization so far. That figure is significantly lower than the more than 3,000 companies that previously operated under national regimes. Danny Sanders, Chief Commercial Officer at Trezor, confirmed this gap to The Block last week. According to Sanders, many small and medium-sized companies could not complete the application process, or abandoned it from the start, because they were unable to meet MiCA’s capital adequacy and reporting requirements.
Ripple has now joined the major crypto companies authorized under MiCA. Kraken, Coinbase, OKX, and Crypto.com are also among these companies.
Binance, however, entered the post-transition period without MiCA authorization. The world’s largest crypto exchange withdrew its license application in Greece before the July 1 deadline. The company’s founder, CZ, claimed that although the application was fully compliant and close to approval, the process was interrupted by political pressure.
Despite this claim, Binance has not yet announced whether it will apply again in another EU country.
