XRP Steadies as Ripple Seeks Australian License to Scale Payments Across APAC ⋆ ZyCrypto

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Ripple is accelerating its expansion in Asia-Pacific, aiming to secure formal regulatory approval in Australia to bring blockchain-powered payments into the mainstream.

On Wednesday, the leading provider of blockchain-based financial solutions announced its plans to secure an Australian Financial Services License (AFSL), marking a strategic move to expand its regulated presence across the Asia-Pacific region.

As per an announcement by the firm, the initiative is expected to bolster Ripple’s cross-border payments offerings, enabling financial institutions, fintechs, and enterprises in Australia and beyond to transfer value more efficiently within a fully compliant framework.

According to Fiona Murray, Ripple’s Managing Director for Asia Pacific, obtaining the AFSL is a pivotal step in the company’s growth strategy. 

“Licensing is fundamental to Ripple’s strategy, ensuring we can deliver secure, compliant solutions to customers worldwide,” Murray said. 

Notably, Ripple plans to secure the license through the proposed acquisition of BC Payments Australia Pty Ltd, pending completion of the standard regulatory process.

Additionally, this acquisition will allow Ripple to operate a fully licensed, end-to-end payments platform, managing every stage of a transaction, from client onboarding and regulatory compliance to funding, foreign exchange, liquidity management, and final payout. 

By integrating traditional banking rails with digital asset infrastructure, Ripple can offer a streamlined solution that reduces reliance on multiple intermediaries and simplifies the complexity of blockchain transactions for its customers.

Last year, Ripple reported that its payment volume across Asia-Pacific nearly doubled year-on-year, reflecting accelerating adoption among regional financial institutions.

Furthermore, Ripple currently collaborates with a number of Australian firms, including Hai Ha Money Transfer, Novatti Group, Stables, Caleb & Brown, Flash Payments, and crypto exchange Independent Reserve, providing infrastructure to modernize their cross-border payment processes.

With the AFSL in place, Ripple will be able to oversee settlements directly, connect clients with local payout partners, and optimize transaction routing to enable faster settlements, greater transparency, and reduced counterparty risk.

The license is expected to reinforce Ripple’s ability to offer a single integration point for clients, simplifying operations while maintaining compliance with Australian financial regulations.

Globally, Ripple is recognized as one of the most regulated crypto firms, holding more than 75 licenses across multiple jurisdictions. 

Moreover, this extensive regulatory footprint positions the company to scale its digital asset solutions effectively, supporting institutions as they transition from legacy systems to modern blockchain-based infrastructure.

Ripple’s active engagement with regulators and policymakers, including participation in initiatives such as Project Acacia led by the Reserve Bank of Australia, underscores its commitment to regulatory compliance and broader adoption of digital finance.

That said, as Ripple moves to formalize its regulatory standing in Australia, the company’s XRP token has remained steady, reflecting investor confidence amid the ongoing expansion of Ripple’s payments infrastructure across APAC. 

At press time, XRP was trading at $1.37, reflecting a 2.16% decline in the past 24 hours.