 ▲ XRP (Ripple) |
The XRP Ledger (XRPL) has officially launched its ‘Permissioned Decentralized Exchange (DEX)’ feature, a dedicated trading environment for institutional investors, accelerating its push into the traditional financial sector. The upgrade marks a departure from the anonymity-based decentralized finance (DeFi) model, aiming instead to attract banks, brokers, and other regulated financial institutions into the blockchain ecosystem.
According to the digital asset industry, XRPL activated the ‘XLS-81’ amendment on its mainnet on the 18th. The core change is the introduction of a ‘gated DEX’ operating alongside the existing open DEX. Unlike conventional DEXs that allow unrestricted participation, the gated DEX restricts order creation and execution to verified users approved by a specific domain operator.
The move addresses the long-standing compliance barriers faced by traditional financial institutions. While global financial firms acknowledge blockchain’s efficiency, they have expressed concerns that transacting in anonymous environments could violate Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. The permissioned DEX is integrated with an on-chain credentials system designed to eliminate such risks at the source.
Technically, the permissioned DEX maintains its own independent order books and trading pairs. Domain operators strictly manage participant qualifications, and all transactions are transparently recorded within regulatory guidelines. Ripple (XRP) stated that “this functionality enables institutions to maintain blockchain efficiency while operating safely within a regulated environment.”
Market response has been immediate. Following its fund tokenization partnership with Aviva Investors, SG-Forge, the digital asset arm of France’s major bank Société Générale, has issued its euro-denominated stablecoin ‘EUR CoinVertible’ on the XRP Ledger. With the tokenization of real-world assets (RWA) accelerating, the addition of institutional-grade trading infrastructure is seen as significantly enhancing the scalability of the XRPL ecosystem.
Experts are closely watching whether this development will translate into tangible demand growth for XRP. Although the permissioned exchange focuses on institutional infrastructure, the structure remains the same: all transaction fees are paid in and burned in XRP. As network activity increases, the asset’s structural scarcity could become more pronounced.
Currently, XRP is attempting to reclaim the psychological resistance level of $1.50, showing bullish momentum. As the XRP Ledger evolves beyond a simple payment network into an institutional-grade financial operating system, investors anticipate that the inflow of substantial trading volumes from major financial institutions could serve as a decisive catalyst for further price gains.
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