XRP Ledger to Welcome Major Upgrade In a Few Hours: Details

The XRP Ledger is set to activate the Permissioned DEX amendment in under 24 hours. The amendment has already reached a strong consensus, with 28 validators approving and 6 rejecting, representing 82.35% agreement.

This update comes shortly after the launch of permissioned domains, completing the infrastructure for fully compliant, regulated trading on the ledger.

Vet (@Vet_X0), an XRPL validator, emphasized that the system establishes a clear compliance pipeline on the XRP Ledger. Accounts must first have verified credentials to grant access to permissioned domains. Vet has been tracking this amendment, and its launch could send XRP to new heights.

Within these domains, the Permissioned DEX enforces trading restrictions, allowing only approved participants to trade regulated assets securely. This setup integrates compliance directly into the ledger’s decentralized exchange.

Compliance Integrated at the Ledger Level

The Permissioned DEX builds on the foundation laid by credentials and permissioned domains. Credentials serve as the first step in the compliance sequence. They provide on-ledger attestations verifying an account’s identity or compliance status, enabling secure access to permissioned domains and regulated trading.

Permissioned domains establish controlled access by verifying account credentials. Only accounts with approved credentials can interact with assets within these domains. By connecting the DEX to this framework, XRPL enables regulated trading without relying on off-chain systems.

This feature allows issuers to enforce on-chain KYC and AML requirements. Regulated stablecoins, tokenized securities, and other compliance-sensitive assets can now trade through a native order book. XRP functions as the bridge asset in this setup, facilitating transactions between approved tokens while maintaining network security and speed.

Potential for XRP Usage Growth

The Permissioned DEX will go live on February 18 at 10:56:22 UTC. With this amendment, the XRP Ledger positions itself as a settlement layer for institutional and regulated markets. Increased demand for XRP as a bridge asset can lead to higher transaction volumes.

This utility may encourage both institutional and retail holders to use XRP for payments and asset swaps, supporting potential price growth. Some experts believe the launch of permissioned domains removed the final barrier preventing banks from adopting XRP.

Vet noted that this amendment will unlock the full pipeline of compliance. With this upgrade, XRP’s position as a primary settlement and bridge asset is expected to strengthen. As more institutions adopt the ledger’s compliant infrastructure, XRP’s transactional activity is likely to expand, potentially accelerating price growth.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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