Ripple Secures Financial License from DFSA to Expand Services in UAE

user avatar

by Giorgi Kostiuk

2 years ago

Ripple has received in-principle approval of a financial services license from the Dubai Financial Services Authority (DFSA) to expand its services from the Dubai International Financial Centre (DIFC). This milestone marks a significant step in Ripple's global expansion.

Ripple's Recent Win in Crypto Regulation

Ripple's chief legal counsel, Stuart Alderoty, reacted to the recent win in crypto regulation. Ripple has received in-principle approval of a financial services license from the DFSA, significantly expanding its capabilities to launch payment services in the United Arab Emirates.

Planned Services and Ripple's Global Expansion

This milestone significantly expands Ripple's global footprint as a regulated firm. The license will allow the company to launch cross-border payment services, such as Ripple Payments Direct (RPD), in the UAE. Alderoty highlighted that Ripple's license portfolio now exceeds 55 and continues to grow.

New Ripple Partnerships in the Middle East

Ripple recently announced a partnership with the DIFC Innovation Hub as part of its global one billion XRP fund program. The partnership aims to strengthen blockchain and digital asset innovation in the UAE by connecting emerging developers to DIFC's extensive innovation network. Additionally, Ripple renewed its strategic collaboration with NYU Abu Dhabi through the University Blockchain Research Initiative (UBRI), granting over $1 million to support research projects.

The in-principle approval from DFSA and new partnerships open up new opportunities for Ripple to further its development and strengthen its presence in the Middle East.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Binance Expands into Traditional Finance as Mining Pool Closes

As Binance prepares to shut down its mining pool, the exchange is expanding into traditional finance by providing access to over 7,000 US stocks and ETFs for customers outside the United States.

user avatarMiguel Rodriguez

Binance Announces Closure of Mining Pool Services

Binance has announced the closure of its mining pool and related services effective November 10, 2026.

user avatarLuis Flores

AI Researchers Light Up Cigarettes to Signal Confidence in AI's Cancer Cure Potential

AI researchers are smoking cigarettes to signal their confidence in AI's potential to cure cancer.

user avatarArif Mukhtar

Sony's Plan to Discontinue Physical Game Discs Faces Major Backlash

Sony's announcement to stop producing physical game discs by 2028 has led to significant backlash from the gaming community.

user avatarMaria Gutierrez

Vibe Coders Successfully Port PS5 Games to PC with AnyPS5 Project

Vibe coders are making significant strides in porting PlayStation 5 applications to Windows and Linux through their open-source project, AnyPS5, which aims to convert PS5 game executables into programs that can run natively on PCs.

user avatarDavid Robinson

TRON DAO Reports Significant Growth in Q3 2026

TRON DAO highlights significant growth in transaction volume and network activity in its Q3 2026 ecosystem report.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.