XRP Ledger adds new controls for banks, stablecoins, tokenized funds

XRP Ledger: The XRP Ledger is the decentralized blockchain protocol that powers the XRP cryptocurrency and supports fast cross-border payments as well as asset tokenization. It recently activated the PermissionDelegationV1_1 amendment on October 8, 2026, which enables account owners to grant limited operational permissions to secondary accounts without sharing master keys. This upgrade directly addresses the needs of banks, stablecoin issuers, and tokenized fund managers by enforcing role-based controls on the ledger itself. Ecosystem Growth: The ledger continues to expand its support for stablecoins and tokenized assets, making the new controls relevant for growing institutional participation in payments and fund management. Security Enhancements: Delegated accounts operate with their own keys and restricted permissions, enabling institutions to separate compliance and operational duties in a manner enforceable directly on the ledger. Institutional Controls: The PermissionDelegationV1_1 feature allows businesses to assign up to ten specific functions, such as customer approvals or payments, to separate accounts while keeping primary keys offline.