Ripple has received a significant upgrade to its license from the Monetary Authority of Singapore (MAS), allowing it to operate full end-to-end digital payment token services within the country. This move marks a major step towards transforming Ripple’s presence in Asia, according to crypto commentator Pumpius. He argues that this approval signals a new era for XRP and its integration into institutional payments across the continent. The MAS has recognized Ripple Markets APAC as one of the few blockchain firms capable of running a fully regulated digital asset payment stack at scale. The move allows Ripple to onboard banks, fintechs, and crypto firms directly into institutional payment flows powered by XRP and Ripple’s US dollar-backed stablecoin RLUSD. Pumpius points out that this regulatory approval connects directly with existing institutional activity on the XRP Ledger in Singapore. For instance, major institutions like DBS Bank and Franklin Templeton are already issuing and trading tokenized money-market funds on XRPL in Singapore. This creates a fully coordinated environment where tokenized assets, a compliant stablecoin, and XRP function together on the same settlement infrastructure.