Ripple secured full CASP (Crypto Asset Service Provider) authorization from Luxembourg's CSSF on July 6, 2026 — five days after MiCA's transition period closed and the rules for operating crypto services in Europe changed for good.
The authorization covers all 30 European Economic Area countries. Ripple can now offer end-to-end regulated crypto payment services to financial institutions and businesses without additional national approvals. The company already held an EU Electronic Money Institution license, but CASP adds a distinct set of rights specifically for crypto asset services under the new European framework — a meaningful upgrade in scope.
"This CASP authorisation means Ripple enters the post-transitional MiCA era fully compliant and ready to scale," said Cassie Craddock, Ripple's Managing Director for UK and Europe.
The numbers behind the milestone tell the real story. Before MiCA, more than 3,000 crypto companies operated across Europe under fragmented national rules. After the July 1 deadline, only 280 firms hold full CASP authorization. Binance — the world's largest exchange by volume — pulled its application and cut services to European users entirely. Ripple went the other way.
The company now holds more than 75 regulatory licenses globally, including FCA registration in the UK from January 2026. With major competitors stepping back from the European market, Ripple's full MiCA compliance positions it as a natural choice for institutions looking for a regulated digital asset partner — at exactly the moment that list of options has shrunk dramatically.
