Ripple has obtained a Major Payment Institution license from Singapore's Monetary Authority, enhancing its ability to offer regulated payment services across the Asia-Pacific region. This high-level regulatory approval allows Ripple to cater to both institutional and retail clients, reinforcing its role in blockchain-based cross-border payments and boosting confidence in XRP and RLUSD. In a separate development, XRP ETFs achieved a record daily trading volume of $41 million, with Bitwise leading at $11.69 million. This surge reflects growing institutional interest and investor confidence in XRP-backed funds.