XRP Ledger has activated the XLS-81 “Permissioned DEX” upgrade, enabling gated onchain trading venues where only approved participants can place and match orders. The feature lets administrators restrict access based on compliance requirements such as KYC and AML, while trades and settlement still occur natively onchain. It is designed mainly for banks and brokers that want blockchain liquidity with counterparty controls.
The rollout follows the recent XLS-85 Token Escrow upgrade, which expanded escrow functionality to issued tokens, stablecoins, and tokenized assets — not just XRP. Together, these upgrades strengthen XRPL’s toolkit for regulated tokenized markets from issuance to secondary trading.
The move highlights the ecosystem’s institutional focus. In parallel, developers at RippleX have discussed possible native XRP staking designs, with input from Ripple CTO David Schwartz, and Ripple has partnered with Aviva Investors on fund tokenization initiatives.