Digital payments firm Ripple has secured Money Transmitter Licenses (MTLs) in New York and Texas, marking a strategic push to grow its U.S. operations under a regulatory environment increasingly favorable to crypto under the Trump administration.
The licenses enable Ripple Payments to offer its blockchain-powered cross-border payment solutions to U.S. customers, with transactions fully managed by the company.
Ripple reported strong demand from banks and crypto firms in both states for real-time global payment infrastructure. “Financial institutions and crypto businesses are eager to leverage blockchain for faster, cheaper, and 24/7 cross-border payments,” said Joanie Xie, Ripple’s Managing Director of North America. “Our experience positions us to support this shift.”
The new licenses expand Ripple’s global MTL count to over 55, including 33 U.S. states. The firm also holds a New York BitLicense, a Singaporean Major Payment Institution License, and registrations in Ireland, the Cayman Islands, and Dubai.
Ripple cited optimism across the industry as President Donald Trump’s pro-crypto stance signals potential regulatory easing. Recent moves, including the SEC’s repeal of SAB 121—which had restricted banks from custodying digital assets—and bipartisan legislative support for innovation, are seen as tailwinds.
