Ripple says it has received a Crypto-Asset Service Provider (CASP) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF), marking a regulatory milestone for the company’s European expansion under the Markets in Crypto-Assets (MiCA) framework.
What Ripple said about the Luxembourg CSSF CASP license
Ripple announced the development through its official press channel, describing the approval as a preliminary MiCA CASP license. The distinction between “preliminary” and full authorization is important: it suggests the approval may still be subject to additional conditions or a final confirmation stage from the CSSF. For related coverage, see South Africa Draft Crypto Tax Guidance Explained.
The license was granted by Luxembourg’s financial regulator, the CSSF. Luxembourg has positioned itself as a hub for digital asset firms seeking EU-wide regulatory access, and a CASP registration there can serve as a passport for offering crypto services across all 27 EU member states under MiCA’s harmonized regime. For related coverage, see NYT: Nearly 1 Million TRUMP Memecoin Investors Lost $3.81B by June.
It is worth noting that Ripple’s MiCA status has previously been characterized as not yet a full license, which aligns with the “preliminary” language in this latest announcement. Readers should treat the approval as an in-progress regulatory step rather than a completed authorization.
Why a CASP approval matters for Ripple’s EU expansion
A CASP license under MiCA allows a company to provide services such as custody, exchange, and transfer of crypto assets to customers across the European Union. Without it, firms face a patchwork of national registrations or risk operating without authorization.
For Ripple, which has focused heavily on cross-border payments infrastructure, EU market access is operationally significant. A CASP registration through Luxembourg would let the company offer its services to institutional and retail clients in the bloc without needing separate approvals in each country.
The timing is notable as MiCA’s full application has brought both opportunities and friction for crypto firms operating in Europe. Binance’s French users were recently moved to withdrawals-only access after the exchange missed a MiCA compliance deadline, illustrating the stakes for firms that fail to secure proper authorization.
Ripple President Monica Long is scheduled to speak at XRP Seoul 2026, suggesting the company is simultaneously pursuing visibility in Asian markets alongside its European regulatory push.
What still needs confirmation
The current evidence for this story comes primarily from Ripple’s own press release. No independent regulatory filing from the CSSF or third-party verification has been identified in the available research to corroborate the announcement.
Several details remain unconfirmed: the exact scope of services covered by the license, whether any conditions are attached to the preliminary status, and the expected timeline for full authorization. The difference between a company announcement and a confirmed regulatory record is meaningful, particularly in crypto where premature claims about licensing have caused confusion in the past.
Until the CSSF independently confirms the approval or Ripple provides additional documentation, the announcement should be understood as the company’s own characterization of its regulatory progress in the EU.
Additional source references: source document 1.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
