--- title: "Ripple Markets UK LTD · Authorised E-Money Institution (FCA) · United Kingdom | Elucidate" description: "Ripple Markets UK LTD is authorised by FCA as an authorised e-money institution in the United Kingdom. Licence 1028021. LEI 254900G0EPVX6T5K9X91. Register status, licences, activities and ownership." url: https://elucidate.co/directory/ripple-markets-uk-ltd-922251db770e --- 1. [Directory](https://elucidate.co/directory) 2. [United Kingdom](https://elucidate.co/directory/country/gb) 3. Ripple Markets UK LTD United Kingdom · Payments & e-money # Ripple Markets UK LTD Ripple Markets UK Ltd is a private limited company registered in England and Wales, with its head office in London. The FCA authorises it as an electronic money institution (FRN 1028021) and registers it as a cryptoasset business under the Money Laundering Regulations. It is a wholly owned subsidiary of Ripple Labs Inc. of San Francisco. It offers Ripple Payments, a cross-border payment service using digital assets, to UK institutional clients. Register status Licensed in the United Kingdom Authorised E-Money Institution · FCA Prudential licence [2 licences and registrations ↓](https://elucidate.co/directory/ripple-markets-uk-ltd-922251db770e#licences) BIC **No BIC** LEI **[254900G0EPVX6T5K9X91](https://search.gleif.org/#/record/254900G0EPVX6T5K9X91)** [Licence no. **1028021**](https://elucidate.co/directory/ripple-markets-uk-ltd-922251db770e#licences) [Group: Ripple Labs Inc.](https://elucidate.co/directory/group/9845001L01C142EE4094) ## Licences and registrations Held by Ripple Markets UK LTD (LEI 254900G0EPVX6T5K9X91). 2 entries on 2 of the 22 tracked registers, retrieved 25 September 2026. | Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [FCA Financial Services Register - E-Money Institutions](https://elucidate.co/directory/register/fca-emi) FCA | Authorised E-Money InstitutionE-Money / Stored Value Institution | 1028021 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2026-01-09 | — | - Payment services - E-money / stored value | [Search the register ↗](https://register.fca.org.uk/s/) | | [MSB Registrant Search](https://elucidate.co/directory/register/fincen-msb) FinCEN | —Money Transmitter / Remittance | Not published by the register | [United States](https://elucidate.co/directory/country/us) | Active | 2024-01-02 | — | - Money remittance | [Search the register ↗](https://www.fincen.gov/msb-registrant-search) | - Each licence applies in the country of the regulator that granted it. - Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here. ## Swift network Swift’s ISO 9362 BIC directory Holds no BIC in Swift’s directory. Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file. ## Overview Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/ripple-markets-uk-ltd-922251db770e#overview-sources) Customers Not published Employees 110 headcount · This entity · 31 Dec 2024 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/10145333/filing-history/MzQ5NzQ5MjcxM2FkaXF6a2N4/document?format=pdf&download=0) Ownership Group subsidiary 100% Ripple Labs Inc. Firm type Payment infrastructure Trades as Ripple - **Standing:** The firm was registered as Ripple Europe Ltd. from 25 April 2016 until 1 August 2022. It then took its current name. The FCA authorised it as an electronic money institution on 9 January 2026. - **Ownership:** According to its 2024 accounts, Ripple Labs Inc. owns 100% of the firm, and Companies House lists Christian Anton Larsen as its person with significant control. - **Direct parent:** [Ripple Labs Inc. ↗](https://search.gleif.org/#/record/9845001L01C142EE4094), United States 100% - **Major shareholder:** Christian Anton Larsen (person with significant control: more than 50% but less than 75% of voting rights) - **Head office:** 16th Floor, One Angel Court, EC2R 7HJ London, United Kingdom (registered office: C/O Csc Cls (Uk) Limited, 5 Churchill Place, 10th Floor, London, E14 5HU, United Kingdom) - **Company register:** Companies House 10145333 - **Incorporated:** 25 Apr 2016 - **Former name:** RIPPLE EUROPE LTD. ### Online - **Websites & references:** [ripple.com ↗](https://ripple.com/) [docs.ripple.com ↗](https://docs.ripple.com/) Ripple group technical documentation, linked from the ripple.com footer - **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/ripple) · [X ↗](https://x.com/Ripple) · [Facebook ↗](https://www.facebook.com/rippleofficial) · [YouTube ↗](https://www.youtube.com/channel/UCjok1uTSBUgvRYQaASz6YWw) Sources · 12 pages consulted 1. [ripple.com/legal/compliance/](https://ripple.com/legal/compliance/) 2. [find-and-update.company-information.service.gov.uk/company/10145333](https://find-and-update.company-information.service.gov.uk/company/10145333) 3. [find-and-update.company-information.service.gov.uk/company/10145333/officers](https://find-and-update.company-information.service.gov.uk/company/10145333/officers) 4. [find-and-update.company-information.service.gov.uk/company/10145333/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/10145333/persons-with-significant-control) 5. [find-and-update.company-information.service.gov.uk/company/10145333/filing-history](https://find-and-update.company-information.service.gov.uk/company/10145333/filing-history) 6. [find-and-update.company-information.service.gov.uk/company/10145333/filing-history/MzQ5NzQ5MjcxM2FkaXF6a2N4/document?format=pdf&download=0](https://find-and-update.company-information.service.gov.uk/company/10145333/filing-history/MzQ5NzQ5MjcxM2FkaXF6a2N4/document?format=pdf&download=0) 7. [ripple.com/ripple-press/ripple-receives-fca-permissions-to-scale-ripple-payments-in-the-uk/](https://ripple.com/ripple-press/ripple-receives-fca-permissions-to-scale-ripple-payments-in-the-uk/) 8. [ripple.com/](https://ripple.com/) 9. [ripple.com/legal/money-transfer-license/](https://ripple.com/legal/money-transfer-license/) 10. [ripple.com/ripple-press/ripple-announces-500-million-strategic-investment-led-by-fortress-citadel-se](https://ripple.com/ripple-press/ripple-announces-500-million-strategic-investment-led-by-fortress-citadel-securities-valuing-the-company-at-40-billion-following-record-growth/) 11. [financemagnates.com/cryptocurrency/ripple-gets-fca-green-light-for-uk-payments-via-local-unit-but-with-tight-](https://www.financemagnates.com/cryptocurrency/ripple-gets-fca-green-light-for-uk-payments-via-local-unit-but-with-tight-limits/amp/) 12. [coindesk.com/policy/2026/01/09/ripple-wins-uk-regulatory-approval-from-financial-conduct-authority](https://www.coindesk.com/policy/2026/01/09/ripple-wins-uk-regulatory-approval-from-financial-conduct-authority) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/ripple-markets-uk-ltd-922251db770e#overview-sources) - **Operates under:** Its own licences The FCA authorises the firm as an electronic money institution. It also registers the firm as a cryptoasset business under the Money Laundering Regulations, subject to conditions. EEA clients of the Ripple group are served by Ripple Payments Europe S.A., a separate Luxembourg entity. | Authority | Licence or registration | Number | Held | Status | Source | | --- | --- | --- | --- | --- | --- | | Financial Conduct Authority (FCA) United Kingdom | Authorised Electronic Money Institution | 1028021 | In its own name | Active | [register.fca.org.uk ↗](https://register.fca.org.uk/s/firm?id=001Sk00000VBHdCIAX) | | Financial Conduct Authority (FCA) United Kingdom | Cryptoasset business registration under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, subject to conditions | 1028021 | In its own name | Active | [ripple.com ↗](https://ripple.com/legal/compliance/) | | Financial Crimes Enforcement Network (FinCEN) United States | Money services business registration (money transmitter) | — | In its own name | Active | — | Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks. ## Partners and safeguarding Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/ripple-markets-uk-ltd-922251db770e#overview-sources) - **Safeguarding:** Segregated safeguarding accountsThe firm states that it keeps relevant client funds apart from its own funds, in one or more designated safeguarding accounts with authorised credit institutions. [ripple.com ↗](https://ripple.com/legal/compliance/) - **Crypto-asset custody:** Not disclosedThe FCA registers the firm as a cryptoasset business. Ripple describes the UK offer as cross-border payments using digital assets for institutions and does not state the custody arrangement for this entity. [ripple.com ↗](https://ripple.com/legal/compliance/) Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices. ## Products and markets Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/ripple-markets-uk-ltd-922251db770e#overview-sources) - International money transfer - Crypto payments Under its FCA permissions it offers Ripple Payments, a cross-border payment service that uses digital assets, to UK institutional clients. It serves UK clients and directs its services only to investment professionals, high net worth companies and other persons to whom promotion is lawful under the Financial Promotion Order. - **Revenue:** GBP 54.6mThis entity · 31 Dec 2024 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/10145333/filing-history/MzQ5NzQ5MjcxM2FkaXF6a2N4/document?format=pdf&download=0) - **Sells to:** Financial institutions · Enterprises - **Serves customers in:** United Kingdom - **Latest funding round:** Strategic investment (Ripple Labs group level) · USD 500m Nov 2025 Led by Fortress Investment Group (affiliated funds), Citadel Securities (affiliates) [ripple.com ↗](https://ripple.com/ripple-press/ripple-announces-500-million-strategic-investment-led-by-fortress-citadel-securities-valuing-the-company-at-40-billion-following-record-growth/) ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/ripple-markets-uk-ltd-922251db770e#overview-sources) - **Executive:** Cassandra Jane Craddock-Ball (Cassie Craddock) Director; Managing Director, UK & Europe at Ripple Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10145333/officers) - **Executive:** Nigel Khakoo Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10145333/officers) - **Executive:** Christopher Alexander Myers Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10145333/officers) - **Executive:** Timothy Charles Sawyer Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10145333/officers) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/ripple-markets-uk-ltd-922251db770e#overview-sources) 1. Jun 2026 Leadership Eric Paul Van Miltenburg stepped down as a director of the firm on 25 June 2026. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10145333/filing-history) 2. Jan 2026 Licence The FCA authorised the firm as an electronic money institution and registered it as a cryptoasset business on 9 January 2026. [ripple.com ↗](https://ripple.com/ripple-press/ripple-receives-fca-permissions-to-scale-ripple-payments-in-the-uk/) 3. Nov 2025 Funding Parent Ripple Labs announced a USD 500 million strategic investment at a USD 40 billion valuation, led by Fortress and Citadel Securities affiliates. [ripple.com ↗](https://ripple.com/ripple-press/ripple-announces-500-million-strategic-investment-led-by-fortress-citadel-securities-valuing-the-company-at-40-billion-following-record-growth/) 4. Aug 2024 Leadership David Phelan stepped down as a director on 30 August 2024, after Craig Peter Perrin left the board on 21 May 2024. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10145333/officers) Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source. ## Identifiers - **Licence no. · FCA-EMI:** 1028021 - **BIC:** Holds no BIC in Swift’s directory - **LEI:** [254900G0EPVX6T5K9X91 ↗](https://search.gleif.org/#/record/254900G0EPVX6T5K9X91) - **How the LEI was matched:** Matched by Elucidate on the UK company number the register gives - **Companies House no.:** [10145333 ↗](https://find-and-update.company-information.service.gov.uk/company/10145333) - **Elucidate firm ID:** 922251db770e - **Merged register entry:** b898d611812d · FINCEN-MSB ## Profile - **Type:** Payments & e-money · Money service business - **Regulation:** Prudential licence - **Main licence class:** E-Money / Stored Value Institution - **Activities:** - Payment services - E-money / stored value - **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb) · Europe & Central Asia - **First registered:** 2026-01-09 - **Website:** [www.ripple.com ↗](https://www.ripple.com/) Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet. ## Ownership and group GLEIF relationship records - **Direct parent:** Ripple Labs Inc. · United States[9845001L01C142EE4094 ↗](https://search.gleif.org/#/record/9845001L01C142EE4094) The Ripple Labs Inc. group has 3 institutions in the directory, in 3 countries: none holds a BIC. Including [Ripple Payments Europe S.A.](https://elucidate.co/directory/ripple-payments-europe-s-a-1d707a8aeba4), [Ripple Labs Cayman Ltd.](https://elucidate.co/directory/ripple-labs-cayman-ltd-40f38b0a5211). [See the Ripple Labs Inc. group →](https://elucidate.co/directory/group/9845001L01C142EE4094) Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control. ## Persons with significant control Companies House · company [10145333 ↗](https://find-and-update.company-information.service.gov.uk/company/10145333) · as at 9 October 2026 Companies House lists 1 person with significant control for Ripple Markets UK Ltd: 1 individual. | Name | Type | Nature of control | Notified | | --- | --- | --- | --- | | Christian Anton Larsen | Individual | 50–75% of votes · Can appoint or remove directors | 25 April 2016 | Companies report persons with significant control to Companies House. Elucidate has not verified them. A person with significant control holds more than 25% of the shares or votes, can appoint or remove the board, or has significant influence or control. Dates of birth and addresses are not shown. Matched on the Companies House number that the FCA register gives for this firm. [See the register at Companies House ↗](https://find-and-update.company-information.service.gov.uk/company/10145333/persons-with-significant-control) ## Addresses - **Address on the register:** 16th Floor, 1 Angel Court, London, EC2R 7HJ - **Country:** United Kingdom ## ISO 20022 identification As an agent in a Swift cross-border payment message (CBPR+) This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code. - **Identified by:** Name and postal address, with its LEI - **Postal address:** Hybrid: town, postcode and country in their own elements, the rest in one address line ```xml 254900G0EPVX6T5K9X91 RIPPLE MARKETS UK LTD EC2R 7HJ London GB 16th Floor, 1 Angel Court ``` CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent. The values are as published by the register. Check them against your own records before use. ## Related institutions ### Same group - [Ripple Payments Europe S.A. No BIC Payments & e-money Crypto Prudential licence Luxembourg · Licensed by Commission for the Supervision of Financial Sector · W00000021 (EBA-PSD2) · also on ESMA-CASP · LEI 2549000KEHDV2LWRRZ45](https://elucidate.co/directory/ripple-payments-europe-s-a-1d707a8aeba4) - [Ripple Labs Cayman Ltd. No BIC Money service business AML registration only United States · Registered with FinCEN (FINCEN-MSB) · LEI 984500E8897C9DALF522](https://elucidate.co/directory/ripple-labs-cayman-ltd-40f38b0a5211) [All 3 institutions in the Ripple Labs Inc. group →](https://elucidate.co/directory/group/9845001L01C142EE4094) ### Other payments & e-money institutions in the United Kingdom - [Stonex Financial LTD BIC IGLUGB2L Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 446717 (FCA-PSD) · also on FINTRAC-MSB · LEI 549300AWF3TOHRYL7754](https://elucidate.co/directory/stonex-financial-ltd-iglugb2l) - [Dex International Limited · trading as DEXREMIT No BIC Payments & e-money Crypto Money service business Prudential licence United Kingdom · Licensed by FCA · 503929 (FCA-PSD) · also on HMRC-MLR, FINTRAC-MSB · LEI 9845003995D06S994R04](https://elucidate.co/directory/dex-international-limited-ff2b0c01c725) - [Euronet Payment Services Ltd · trading as Ria Money Transfer, Ria No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 504630 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/euronet-payment-services-ltd-6f4dec33a392) - [Instinet Europe Limited BIC ISNTGB2L Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 140822 (FCA-PSD) · LEI 213800MXAKR2LA1VBM44](https://elucidate.co/directory/instinet-europe-limited-isntgb2l) - [Isx Financial UK LTD BIC ISFIGB22 Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 901034 (FCA-EMI) · LEI 2138007BDV9IRS8AYD07](https://elucidate.co/directory/isx-financial-uk-ltd-isfigb22) - [Western Union Payment Services GB Limited · trading as Manning House, WU No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 816890 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/western-union-payment-services-gb-limited-0741de977896) - [A to Z 4U Ltd · trading as SAAK REMIT, Saakpay No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 570837 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/a-to-z-4u-ltd-25c2ca0fa3b5) - [Allied Wallet Limited No BIC Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 900124 (FCA-EMI) · also on FCA-PSD · LEI 213800HO66BDXP716G24](https://elucidate.co/directory/allied-wallet-limited-8983cc2e32eb) [See all →](https://elucidate.co/directory/search?type=payments&cc=GB) [Other entries on FCA-EMI →](https://elucidate.co/directory/register/fca-emi) Sources & method Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI. An institution missing from these registers is not necessarily unregulated. Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists. An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page. [Read the methodology →](https://elucidate.co/directory/methodology) Registers for this page - **FCA Financial Services Register - E-Money Institutions**—Financial Conduct Authority (FCA) · [source ↗](https://register.fca.org.uk/s/) as at 25 September 2026 - **MSB Registrant Search**—Financial Crimes Enforcement Network (FinCEN) · [source ↗](https://www.fincen.gov/msb-registrant-search) as at 24 September 2026 - **Ownership and group**—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI. - **Persons with significant control**—Companies House · [source ↗](https://download.companieshouse.gov.uk/en_pscdata.html) as at 9 October 2026 - **Overview, authorisation, partners, products, leadership and events**—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source. ## Assess the financial crime risk behind a licence A licence records what an institution is authorised to do; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.