Increased $XRP by nearly 3% after Ripple achieved a new regulatory breakthrough in Europe. The company confirmed that it has received full approval for the Electronic Money Institution (EMI) license in Luxembourg.
This achievement represents a key step in Ripple's broader strategy to expand digital asset solutions across European markets.
Ripple's expansion in Europe accelerates with the approval of the EMI license
The Financial Sector Supervisory Commission (CSSF), the financial supervisor in Luxembourg, granted Ripple a full insurance license after the company met all the regulatory conditions set by the CSSF. The decision comes after the initial mandate issued in January.
For context, the monthly insurance license allows companies to issue electronic money, process payments, and provide digital financial services under a partner regulatory oversight. This license grants Ripple 'passport' rights, allowing it to operate in all other EU member states with a single approval.
As a result, Ripple can onboard and serve institutional clients in the European Economic Area without additional barriers. Cassie Craddock, Ripple's General Manager for the UK and Europe, stated that the company sees Europe as a "strategic priority."
She added that the mandate enhances Ripple's ability to expand compliant blockchain infrastructure across the European Union, positioning the company to support European businesses as they move towards a more efficient and digitally-first financial era.
Craddock added: "Securing the full insurance license for monthly premium insurance in the EU is a transformative milestone that enhances Ripple's presence at the heart of European finance."
The EU license expands Ripple's already extensive regulatory portfolio, which now includes over 75 licenses worldwide. This development comes about a month after Ripple obtained its EMI license and digital asset registration from the UK's Financial Conduct Authority (FCA).
Ripple's license victory boosts XRP and fuels the growth of RLUSD
Market observers say the regulatory move could support broader adoption of the Ripple ecosystem, enhancing real-world use cases for assets like XRP, XRP Ledger (XRPL), and the stablecoin RLUSD.
"With full 'passport' rights in all 27 European countries, the institutional adoption door for $XRP and $RLUSD is now officially open. When this happens in the U.S. with Clarity - YKWTD," wrote crypto teacher Paul Barron.
This development has indeed coincided with a positive response from the market. Amid regulatory victories for Ripple, XRP has risen by about 3% over the past twenty-four hours.
This move has developed alongside broader advances in the cryptocurrency market, pushing all of the top ten assets towards the green side. At the time of writing, the price of XRP was trading at $1.60.
While XRP price gains have remained relatively modest, the momentum has been more pronounced for the stablecoin RLUSD. According to DeFiLlama data, the total market capitalization of RLUSD has risen to $1.459 billion, marking a 33% increase on XRPL and a 1.47% increase on Ethereum over the past day.
Overall, Ripple's latest regulatory achievements in Europe highlight its accelerated progress toward compliant global expansion. While XRP's price reaction has been measured, the growing momentum around RLUSD indicates that the company's broader ecosystem is beginning to reflect the impact of increased regulatory clarity.
