Features such as permissioned DEXes and Lending Protocols can use domains to restrict access, so that traditional financial institutions can offer services on-chain while complying with various compliance rules.
The permissioned domains amendment builds on top of XLS-70d, as credentials are needed for permissioning and aim to bridge the gap between the transparency and security benefits of decentralized blockchain technology and the regulatory requirements of traditional financial institutions.
This is essential as regulatory compliance is not optional for institutions, but it marks the gateway to adoption.
The $XRP Ledger is increasingly positioning its way to capture two of the most significant use cases on global markets currently, which are stablecoin payments and collateral management.
Features are being developed to enhance $XRP Ledger’s institutional utility, which strengthens the underlying demand and use cases for $XRP.
Another key feature to arrive in February
February is also set to see the activation of another key feature on the $XRP Ledger mainnet. The token escrow amendment has a current countdown of about 10 days, with a potential date of Feb. 12.
Three amendments in the latest XRPL version 3.1.0 are currently in voting. These include singleasset vault, Lending protocol and fixBatchInnerSigs and will enter into the two-week activation period once 80% of support is gained.
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