Payments network and technology company Ripple has reportedly applied to register as a crypto asset firm with the UK Financial Conduct Authority (FCA), while also pursuing a payments licence in Ireland. This comes after Ripple’s partial triumph in the US court, which deemed Ripple’s XRP token as a security for institutional rather than for retail investors. This move reflects a trend among crypto firms seeking regulatory clarity and business-friendly environments in the UK. Notably, venture capital firm Andreessen Horowitz has recently opened an office in London.