The company announced Monday (July 6) that it had received its crypto asset service provider (CASP) license from Luxembourg’s financial regulator.

The authorization follows a preliminary approval announced last month and brings Ripple in line with the European Union’s Markets in Crypto Assets (MiCA) regulation.

“This CASP authorisation means Ripple enters the post-transitional MiCA era fully compliant and ready to scale,” Cassie Craddock, Ripple’s managing director for the U.K. and Europe, said in a news release. “The institutions we work with across Europe are looking to build their digital assets services alongside…