XRP Ledger Gives Banks New Wallet Controls

The new controls are available on mainnet

The XRPL amendment tracker records PermissionDelegationV1_1 becoming active on October 8 at ledger 107,524,865. The feature had been in its validator-approval period in late September; that process has now produced a live account-control tool.

The activation makes the feature available to institutions, although no bank, stablecoin issuer or fund manager has publicly confirmed an implementation. Businesses can now build these permission structures directly on XRPL, with the practical details left to their wallet providers, custodians and internal security teams.

A stablecoin issuer can divide routine work across accounts

A stablecoin issuer may need one team to approve eligible customers and another to process routine transfers. Its primary account can remain under stricter custody, while a compliance account receives authority to approve trust lines after KYC checks and an operations account receives payment authority. Each account holds only the role assigned to it, reducing the effect of...