International law firm Simmons & Simmons has advised leading financial technology company Ripple on its successful acquisition of an EU Electronic Money Institution License in Luxembourg.
Ripple is the leading financial technology company that offers crypto solutions for businesses. They enable global financial institutions, businesses, governments and developers to store, move and exchange value, helping to unlock greater economic opportunity for everyone, everywhere.
Ripple Payments Europe S.A. has been authorised by financial regulatory authority, the CSSF, and registered on the electronic money institutions official list.
This licence enables Ripple to offer regulated e-money and payment services across the EU/EEA, significantly expanding its ability to serve customers throughout Europe.
The Simmons & Simmons team was led by Partners Cathrine Foldberg Møller (Luxembourg) and George Morris (UK).
Cathrine Foldberg Møller commented: "We are thrilled to have supported Ripple in securing their electronic money institution licence in Luxembourg so that they can start their business in Europe. This matter involved navigating complex regulatory requirements and engaging closely with the CSSF, which truly showcases the depth of expertise within our team. Successfully guiding the Ripple team through this process is a testament to our commitment to delivering practical, high-quality advice on sophisticated regulatory matters."
George Morris commented: "It has been a pleasure to work with the Ripple team, alongside our colleagues in Luxembourg, on this project. The cross-border collaboration between our teams exemplifies the strength of our international network and our deep understanding of EU regulatory frameworks. By combining our expertise, we were able to deliver seamless support to our clients on a highly complex matter, further evidencing our ability to advise on sophisticated regulatory issues across jurisdictions."
