Ripple has officially received full Electronic Money Institution (EMI) authorization from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF), expanding its regulatory reach across the European Union. The firm had announced conditional approval last month and has now met all compliance requirements.
This milestone reinforces Ripple’s presence in Europe, complementing its recent UK EMI licence and Cryptoasset Registration from the Financial Conduct Authority. With this, Ripple now holds over 75 licences globally, strengthening its position as a regulated blockchain infrastructure provider.
Cassie Craddock, Ripple’s managing director for UK & Europe, called the full EMI licence “a transformative milestone” enabling the firm to scale its mission and support European businesses in adopting efficient, digital-first financial solutions.
The regulatory expansion coincides with significant capital inflows and acquisitions. In November, Ripple raised $500 million at a $40 billion valuation, led by investors including Fortress Investment Group, Citadel Securities, Galaxy Digital, Pantera Capital, Marshall Wace, and Brevan Howard.
Ripple has also pursued strategic acquisitions over the past year: a $1 billion purchase of GTreasury in October and the $200 million acquisition of Rail in August, enhancing its stablecoin-focused payments infrastructure.
