Ripple Eyes Australian AFSL to Expand Regulated Payments

Ripple, the U.S.-based blockchain company, is pushing into Australia with acquisition of BC Payments to secure an Australian Financial Services License (AFSL). This move puts Ripple directly under Australia’s financial regulations, enabling banks, fintechs, and businesses to use its blockchain-powered payment system within a fully regulated framework.

According to the announcement, the license is designed to help facilitate quicker, compliant cross-border payments, and this would give Ripple an even bigger presence in the Asia Pacific market. Fiona Murray, Managing Director, Asia Pacific, said in a statement, “Australia is a key market for Ripple, and an AFSL strengthens our ability to scale Ripple Payments across the region.”

Ripple’s AFSL will also enable the company to facilitate end-to-end transactions, ranging from onboarding to the final payout. This license will allow the company to connect traditional banking infrastructure and digital assets, increasing transparency and reducing counterparty risk.

In other words, customers will be able to use the infrastructure provided by Ripple without having to deal with the complexities involved in using blockchain technology. Ripple’s payments volume in the Asia-Pacific region almost doubled in 2025.

Global licensing strategy strengthens Ripple’s position

Ripple now holds more than 75 regulatory licenses worldwide, making it one of the most regulated companies in the crypto sector. The company recently received a full Electronic Money Institution (EMI) license in Luxembourg, which lets it provide regulated payment services across the European Union. 

Cassie Craddock, Ripple’s Managing Director for UK & Europe, said, “Securing our full EMI license in the EU is a transformative milestone that reinforces Ripple’s presence at the heart of European finance.” 

Additionally, Ripple Markets UK Ltd received approval from the FCA, allowing it to operate as an authorized Electronic Money Institution in the United Kingdom.

Ripple pursues compliance amid Aussie rules

Ripple’s licenses enable banks and financial organizations to utilize blockchain technology with oversight and compliance. With the help of technology and regulatory approval, Ripple helps facilitate faster settlements, more transparent tracking, and more efficient cross-border transactions.

The firm is working with regulators, such as the Reserve Bank of Australia’s Project Acacia, to help support the development of digital asset infrastructure. Additionally, Ripple works with local Australian companies such as Novatti Group and Independent Reserve.

According to Lawyer Bill Morgan’s post on X, Ripple is seeking a license to comply with Australia’s financial services regulations. He noted, “In anticipation of new legislation that will impact crypto intermediaries and custodians, it will need a license.” Morgan emphasized that this move is about regulatory compliance, not about XRP being integrated into the upcoming financial system.

https://twitter.com/Belisarius2020/status/2031602809121157504?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener

As of writing, according to data from CoinMarketCap, Ripple’s XRP was trading at $1.38 with a 24-hour volume of over $3.2 billion. The token is down 0.29% in the past day.

Also Read: Ghana Selects 11 Firms to Pilot Crypto Trading Under New Regulation