Ripple Markets APAC
Singapore Major Payment Institution for digital-token, account, e-money, and cross-border payment services
Ripple's Singapore subsidiary and current MAS Major Payment Institution. MAS lists account issuance, domestic and cross-border money transfer, e-money issuance, and digital payment token services for the named entity. Ripple describes the regional licence as supporting regulated crypto payment and liquidity services for businesses and financial institutions. This profile does not claim that the Singapore subsidiary issues RLUSD or that every global Ripple product falls within its local permission.