The company announced Tuesday (June 23) that it had landed preliminary approval for its crypto asset service provider (CASP) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) under the EU’s Markets in Crypto Assets (MiCA) regulation.

The CASP license, along with Ripple’s existing EU electronic money institution (EMI) license, will let European banks, fintechs and corporates access Ripple’s crypto asset and stablecoin payments infrastructure through a single integration for the first time, while positioning the company for a broad regional expansion.

“MiCA has helped to unlock a new wave…