🤑 Ripple Tests Permission Delegation for RLUSD on XRPL
Ripple’s RLUSD team is testing Permission Delegation on the XRPL Devnet, with the feature currently subject to validator voting on the XRP Ledger.
🔜 The feature allows an account holder to assign specific, limited functions to other accounts. The primary account’s keys can remain in cold storage while authorized secondary accounts carry out only the designated tasks.
🔜 The feature is intended for use by institutions issuing regulated assets on the XRP Ledger. Stablecoin issuers, real-world asset tokenizers, and asset managers that bring regulated instruments on-chain often require separation between teams responsible for moving assets, enforcing compliance rules, and managing security.
Permission Delegation provides a protocol-level mechanism to implement that separation. The same structure can apply to other regulated tokens beyond RLUSD.
#Stellar
@QSIMedia
Ripple’s RLUSD team is testing Permission Delegation on the XRPL Devnet, with the feature currently subject to validator voting on the XRP Ledger.
🔜 The feature allows an account holder to assign specific, limited functions to other accounts. The primary account’s keys can remain in cold storage while authorized secondary accounts carry out only the designated tasks.
🔜 The feature is intended for use by institutions issuing regulated assets on the XRP Ledger. Stablecoin issuers, real-world asset tokenizers, and asset managers that bring regulated instruments on-chain often require separation between teams responsible for moving assets, enforcing compliance rules, and managing security.
Permission Delegation provides a protocol-level mechanism to implement that separation. The same structure can apply to other regulated tokens beyond RLUSD.
#Stellar
@QSIMedia