Ripple has received preliminary approval for an Electronic Money Institution license in Luxembourg, according to News Of Losangeles. The license, once finalized, will allow the company to issue digital cash and offer wallets, payments, money transfers and prepaid cards across CSSF-regulated jurisdictions.
At a Glance
- Luxembourg regulator grants Ripple preliminary e-money license
- LMAX Group will integrate Ripple’s RLUSD stablecoin for institutional clients
- Spot XRP ETFs have absorbed $1.26 billion in net inflows since November
- Why it matters: Regulatory clarity in Europe and fresh institutional on-ramps could widen XRP adoption even as the token lags recent altcoin rallies
The approval marks another milestone in Ripple’s European expansion after years of U.S. regulatory uncertainty. Earlier this month the firm’s U.K. subsidiary, Ripple Markets UK Ltd, registered with the Financial Conduct Authority, satisfying anti-money-laundering and counter-terrorist-financing rules. Ripple also maintains operations in Switzerland, Ireland and Spain.
LMAX Taps RLUSD for Institutional Trading
London-based fintech LMAX Group announced a partnership with Ripple on January 15 to accelerate institutional stablecoin adoption. Under the deal, LMAX will integrate RLUSD-Ripple’s dollar-pegged stablecoin-into its institutional trading infrastructure, giving clients multiple trading options.
RLUSD launched late last year and is custodied by BNY Mellon, America’s oldest bank. The token has climbed to an $1.4 billion market capitalization, ranking 81st among digital assets.
Spot XRP ETFs Attract Steady Inflows
Canary Capital became the first firm to launch a spot XRP ETF in the United States last November, offering 100 percent exposure to the token. Bitwise, Franklin Templeton, Grayscale and 21Shares quickly followed, and cumulative net inflows have reached $1.26 billion, data from SoSoValue show. Only January 7 recorded outflows. The past 24 hours brought another $10.6 million in net inflows.
Price Consolidation Amid Bullish Forecasts
XRP trades around $2.12, up just 0.6 percent over the past week. The muted move contrasts with double-digit gains posted by Monero and Internet Computer during the same period.
Social-media analysts remain divided on the next direction. User Amonyx predicts a rally above $18 and urges “patience,” while LEB CRYPTO envisions a climb toward $60. Conversely, EGRAG CRYPTO flags a possible pullback to the $1.40-$1.20 range as a “worst-case zone.”
