XRP Ledger Launches Multi-Purpose Token Standard for Real-World Asset Tokenization
The XRP Ledger (XRPL) has launched the Multi-Purpose Token (MPT) standard, a significant development for tokenizing real-world assets (RWAs). This new standard, presented at the Sibos 2025 conference by Chainlink Co-Founder Sergey Nazarov, allows for gradual adoption with incremental updates and AMM and DEX support to be introduced over time.
The MPT standard is now live on the XRP Ledger mainnet, offering built-in compliance functions such as Know Your Customer (KYC) and Anti-Money Laundering (AML) verification. Issuers can define transfer rules, restrict token holding, enforce supply caps, and apply transfer fees. On-chain metadata enhances transparency, enabling automated reporting.
MPTs integrate directly into the XRPL protocol, eliminating the need for custom smart contracts. Ripple's roadmap includes expanding MPT functionality with features like Confidential MPTs for privacy-preserving transfers. The upcoming XRPL version 3.0.0 will introduce a native lending protocol for regulated, low-cost loans at the ledger level. MPTs are set to support institutional decentralized finance (DeFi) applications, enabling pooled lending, credit verification, and tokenized collateral.
The XRP Ledger's Multi-Purpose Token standard is live, offering built-in compliance and customizable tokenization. With plans to expand functionality and support institutional DeFi, MPTs promise to enhance the tokenization of real-world assets on the XRP Ledger.
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