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xrp

XRP is a digital asset developed by Ripple Labs, designed to facilitate fast and low-cost cross-border payments. The XRP Ledger is a decentralized blockchain platform that supports quick settlements and high throughput. The main uses of XRP include serving as a bridge currency between financial institutions, reducing foreign exchange costs, and improving the efficiency of capital flow. Ripple's payment network integrates with traditional banking systems, with XRP acting as a liquidity tool to enable instant cross-border transactions.
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first_img XRP Ledger carries the Brazilian CSD BR fund records, involving approximately 4 trillion USD in assets

The regulated operator responsible for the registration, securities custody, and settlement system of the Brazilian financial market, CSD BR, has begun to record the ownership of shares in certain investment funds under BTG Pactual, mirroring them to the public XRP Ledger. CSD BR manages registered assets exceeding 22 trillion Brazilian Reais, approximately 4 trillion US dollars. Its existing database still serves as the official record for registration, custody, and settlement, and the relevant assets have not been transferred to the XRP Ledger; fund shares will be presented in token form on the XRPL.This blockchain copy aims to allow approved banks and institutions to verify ownership changes in real-time, replacing post-reconciliation, reducing the slow and costly verification process, while retaining identity checks and regulatory controls. Anyone can read the token circulation on the XRPL, but CSD BR still controls who has the right to hold and transfer these tokens. The tokens adopt the multi-purpose token standard of the XRP Ledger, allowing issuers to restrict participants and freeze assets or revoke transactions upon regulatory or court requests, while participants still need to pass identity and anti-money laundering checks.The project starts with real fund records, distinguishing it from previous pilots that used test assets or closed networks. CSD BR was established in 2018 and is authorized by the Central Bank of Brazil and the securities regulatory authority. After becoming familiar with the mirroring system, CSD BR and Ripple plan to test the direct issuance of assets on the XRP Ledger and allow approved participants to trade, with potential targets including Brazilian real estate receivables and agricultural receivables.

first_img XRP Ledger restarts upgrade, allowing accounts to split payment and compliance permissions

The PermissionDelegationV1_1 upgrade of the XRP Ledger entered a 14-day activation countdown on September 21, having received support from 29 of the 35 trusted validator nodes. If the support rate remains above 80% during this period, the upgrade could officially activate as early as October 5 at 11:18 UTC; at least 28 validator nodes must continue to support it, or the countdown will reset.This feature allows accounts to split permissions by role. For example, a stablecoin issuer can allow a connected compliance system to approve customer accounts holding its tokens while keeping the keys with full control offline; operational accounts can gain payment permissions but cannot change keys or delegate authority to others. Each trustee can have up to 10 permissions, and the main account can modify or revoke them at any time.This is the network's second attempt to introduce this feature. The original version had vulnerabilities that attackers could exploit to make others pay transaction fees with improperly signed transactions, and by repeatedly submitting high-fee transactions, they could deplete the victim's XRP balance. This vulnerability was reported by community testers on September 15, 2025, and validator nodes were advised to reject the amendment, so it was never activated. The fixed version was released with xrpld 3.3.0, changing the way unauthorized transactions are rejected, ensuring that fees are not deducted before signature verification.
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