Ripple, the Blockchain infrastructure provider behind the Open Source Blockchain XRP Ledger (XRPL), has presented its network development plans in 2025, based on existing features.
According to a BlogRipple will focus on improving the Ecosystem of Decentralized Finance (DEFI) of XRPL this year, with an focus on regulatory compliance, programability and extended loans.
XRPL roadmap for 2025
Ripple said that new characteristics will allow institutions that use XRPL to meet regulatory requirements, offer advanced loan options and allow developers more flexibility when building and implementing their applications.
XRPL will improve its identity battery, adding credentials as a light characteristic to the decentralized identity standard (DID). While DID allows XRPL users to create verifiable identities without depending on centralized intermediaries, credentials will allow users to attest to specific criteria for their DID.
The combination of DID and credentials will allow the introduction of a decentralized exchange (DEX) permission (DEX) and permissions domains. These characteristics will establish environments that require specific credentials, which allows institutions to participate in decentralized trade while complying with regulatory requirements such as money laundering and knowledge rules of their client.
Ripple will also introduce multipurpose tokens (MPS), which is a new standard for tokenized assets. This standard seeks to close the gap between fungible and non -fungible tokens (nft); Therefore, MPT can be compared to semi-fungible tokens.
In real world assets (RWAS) and the tokenization space, institutions are often difficult for them to represent traditional financial instruments such as actions and binds in blockchains due to intricate data requirements such as expiration dates. With MPTs, institutions can token assets with their associated key metadata, giving them more flexibility than fungible but less unique tokens than nft.
Unlock new possibilities for XRPL
For the next loan function, XRPL will allow crypto-national companies to integrate loans with domain payments, RWAS and STABLECINS. This feature will use a default USD (RLUSD) vault to reduce liquidity fragmentation and automated market (AMM) for swaps.
In addition, XRPL extended programability will train builders to unlock new possibilities for the network while preserving what makes the block chain unique.
XRPL will introduce extensions, which will allow developers to attach code pieces to existing primitive, improving the functionality of the network without the need for new intelligent contracts. As a result, there will be deposits, AMM and even an XRPL Virtual Machine (EVM) side machine.
Meanwhile, most of these new features are already being voted by the validators of XRPL and will soon be implemented.
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