According to Fiona Murray, the Managing Director for Asia Pacific at Ripple, Singapore handles more than 50% of Ripple's digital asset payment flows. Murray highlighted the growing significance of Singapore as a hub for Ripple's cross-border payment services, citing the country's clear regulatory framework and support for Web3 innovation. Ripple's Digital Payment Token (DPT) license granted by the Monetary Authority of Singapore (MAS) has allowed Ripple to operate and sell digital tokens legally within the country. The lack of regulatory clarity in the U.S. has driven Ripple to focus more on jurisdictions like Singapore, the UK, Europe, and the UAE, where regulators are more progressive. Murray stated that over 50% of Ripple's global payment flows through digital assets are routed via Singapore, emphasizing the importance of a forward-thinking regulator.



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