XRP Ledger Activates Permissioned Domains with 91% Validator Approval
- On Feb. 4, the XRP Ledger (XRPL) activated Permissioned Domains, achieving a validator approval rate of 91%.
- Permissioned Domains allow for on-ledger access control by validating digital wallets with specific on-chain credentials.
- This upgrade aims to facilitate regulated financial activities on a public blockchain without compromising privacy or requiring off-chain solutions.
- Ripple has over 300 institutional partners, and these features may enable direct on-chain operations for compliance with KYC and AML regulations.
- The value of distributed tokenized real-world assets is currently pegged at approximately $24.11 billion, reflecting a nearly 12% increase over the past month.
The introduction of Permissioned Domains represents a significant shift in XRPL’s architecture, allowing for compliant trading and lending directly on-chain while maintaining user privacy through anonymous authorization tokens.
With this upgrade, Ripple could enhance its operational capabilities within the growing market of tokenized assets, as evidenced by the $24.11 billion valuation of real-world asset tokens.(Source)
