XRP Ledger activates new institutional account delegation controls
Image: UnchainedOn October 8, the XRP Ledger activated the PermissionDelegationV1_1 amendment. The feature lets account owners authorize other accounts to handle selected transactions without sharing main signing keys. It targets banks, stablecoin issuers and tokenized asset firms. A related bug fix amendment is two validator votes short of the 29 needed for approval. Separately, Ripple Prime added Brevan Howard as a client.
Key points
- The XRP Ledger activated the PermissionDelegationV1_1 amendment on October 8.
- The amendment lets account owners authorize other accounts to process selected transactions without sharing main signing keys.
- A related bug fix amendment is two validator votes short of the 29 required for approval.
- Until the bug fix activates, delegates with PaymentBurn permission may create new tokens instead of only destroying them.
Why it matters
The new delegation feature lets institutional users process transactions without sharing main signing keys, reducing exposure of core credentials. The pending bug fix addresses a flaw that lets delegates create new tokens instead of only destroying them.
What's unclear
Whether the fixCleanup3_4_0 bug fix amendment has met the required validator threshold, as recent validator key rotations may have altered vote and threshold calculations.
Price context · XRP
At publication
$1.40
Now
$1.39
Change since
−0.71%
7 days · dashed line = publication
Sources · 3 publishers
CoinCentral
Tier 3
XRP Ledger Activates New Controls for Institutional Accounts
Unchained
Tier 1
XRP Ledger Enables Account Delegation as a Token-Minting Fix Lacks Two Validator Votes
Coverage timeline
- First reported by CoinDesk
- Confirmed by CoinCentral
- CryptoVideos brief published
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
