Ripple Wins Preliminary EMI Approval in Luxembourg to Expand EU Payments

Overview

• Luxembourg’s financial regulator issued a formal “green light letter” giving Ripple preliminary Electronic Money Institution status.
• The approval positions the company to start the EU passporting process for its cross-border payments platform using digital assets and stablecoins.
• Full authorization in Luxembourg is still contingent on Ripple meeting CSSF conditions and aligning operations with EU rules under MiCA.
• The step follows Ripple’s recent UK approvals for an EMI license and a cryptoasset registration from the Financial Conduct Authority.
• Ripple reports holding more than 75 licenses globally and says Ripple Payments has processed over $95 billion, reaching roughly 90% of daily FX markets.