XRP Ledger enables PermissionDelegationV1_1 upgrade for banks and stablecoin issuers
AI Market Summary
XRPL activated PermissionDelegationV1_1, enabling banks and stablecoin issuers to delegate granular account permissions without exposing primary signing keys, improving institutional custody and compliance workflows. Reported Q2 on-ledger tokenized assets plus RLUSD totaled about $4.26B, underscoring enterprise usage. However, a warning not to delegate PaymentBurn until a pending fix and a separate validator vote-counting issue add near-term operational risk and may temper sentiment.
Impact level
● Medium
Affected assets
XRP/USDT+1.87%
AI Insight · XRP/USDTAI Insight
● Neutral
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The XRP Ledger activated the PermissionDelegationV1_1 amendment on Oct. 8, allowing banks and stablecoin issuers to separate and delegate account permissions without sharing primary signing keys. Activation required more than 80% support from trusted validators, sustained for two consecutive weeks. Evernorth reported that in the second quarter, tokenized assets on XRPL and Ripple’s RLUSD stablecoin totaled about $4.26 billion combined. XRP traded near $1.40 as of Oct. 9, down roughly 1% over 24 hours.
