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

Wall Street Banks Bullish on SPCX Stock

Two major Wall Street banks, Mizuho and Morgan Stanley, have expressed a bullish outlook on SpaceX stock (SPCX), with price targets of $200 and $300 respectively.

user avatarMaya Lundqvist

Elon Musk Optimistic About SpaceX AI Developments

Elon Musk expresses optimism about SpaceX's AI developments, expecting significant advancements in the coming months.

user avatarKaterina Papadopoulou

MEXC Introduces MEXC CLI for Enhanced AI Trading Experience

MEXC introduces MEXC CLI, a command-line tool that allows users to connect their AI agents directly to the trading platform for seamless trading execution.

user avatarLeo van der Veen

XRP Reaches New All-Time High After SEC Settlement

XRP has surged to a new all-time high of 365 in July 2025 following a settlement in the SEC vs Ripple lawsuit.

user avatarAisha Farooq

Warren Buffett's Berkshire Hathaway to Earn $848 Million from Coca-Cola Dividends

Warren Buffett's Berkshire Hathaway is set to earn $848 million in dividends from Coca-Cola due to its long-term investment since 1994.

user avatarTenzin Dorje

Coca-Cola to Pay Quarterly Dividends on October 1, 2026

Coca-Cola announces a quarterly dividend of $0.53 per share to investors before the ex-dividend date of September 15, 2026, payable on October 1, 2026.

user avatarLi Weicheng

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.