Ripple's policy director for the Asia Pacific region, Rahul Advani, has highlighted the significant growth that Ripple has experienced in Singapore and the wider APAC region. The Singapore office, serving as the APAC headquarters, has seen consistent growth since its establishment in 2017, becoming one of Ripple's highest-performing regions.

With a five-fold increase in volume seen this year and doubled headcount in Singapore, Ripple's decision to build outside the US is paying off. The company intends to keep growing its footprint in the region, with regulatory approval in principle from the Monetary Authority of Singapore (MAS) earlier in June better supporting and scaling the use of ODL solutions in the region.