Ripple is set to secure an Australian Financial Services License (AFSL).
San Francisco-based blockchain company, Figure Technologies, announced Wednesday it’s buying BC Payments Australia Pty, a company connected to the European Banking Circle Group.
The acquisition allows Ripple to inherit the firm’s highly coveted AFSL.
Ripple to Bag Crucial Australian License
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The high-profile deal is expected to officially close in April 2026, the announcement says.
The AFSL allows Ripple’s payments division to act as a comprehensive, one-stop financial custodian.
The company is now authorized to handle all aspects of international money transfers in Australia, including verifying customers, following regulations, managing funds, and completing payments.
This will allow business owners to avoid the complicated system of banks and extra services they currently have to use.
As a researcher tracking the company’s growth, I’ve found that our payment volume in the Asia-Pacific region doubled in 2025. This impressive increase was supported by the expansion of our partner network.
Ripple’s regulatory moat
Ripple has established a strong defense against regulatory challenges. They now hold over 75 licenses and approvals to operate as a money transmitter in various countries around the globe.
In early 2026, Ripple achieved two important successes in Europe. First, in January, they received a crucial license from the UK’s Financial Conduct Authority, which has strict regulations.
Shortly after, Ripple received a full license to operate as an electronic money institution from Luxembourg’s financial regulator, the CSSF. This important license lets Ripple offer its blockchain payment services throughout all 30 countries in the European Economic Area.
Ripple has become a leading provider in the United Arab Emirates. In March 2025, the company achieved a milestone by being the first blockchain-based payment company to obtain a complete regulatory license in Dubai.
The company has received preliminary approval from the US Office of the Comptroller of the Currency (OCC) to create Ripple National Trust Bank (RNTB). This is a very unusual approval, as it’s a federal banking charter granted to a company focused on cryptocurrency.
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2026-03-11 09:14