Singapore had been pivotal to Ripple’s global business since the establishment of its Asia Pacific headquarters in the city-state in 2017, says Ripple CEO Brad Garlinghouse. The firm had doubled its headcount over the past year and plans to continue growing its presence in the country, he adds.
Crypto giant Ripple's Singapore subsidiary Ripple Markets APAC has obtained its major payments institution licence from the Monetary Authority of Singapore (MAS).
It received its in-principle approval in June.
