Overview
- The XRP Ledger has activated XLS-81, enabling decentralized exchange venues where only approved participants can place and accept orders.
- The feature targets banks, brokers and other regulated institutions that require KYC and AML controls before accessing on-chain liquidity.
- Access is enforced through permissioned domains that define who may trade, creating controlled marketplaces that mirror XRPL’s native DEX mechanics.
- XLS-81 pairs with last week’s XLS-85 Token Escrow, which brings conditional settlement to all issued tokens, supporting use cases like tokenized funds, stablecoin FX rails and regulated secondary markets.
- Observers say the upgrades signal XRPL’s pivot toward institution-first infrastructure that favors gated markets over fully open DeFi.