Ripple prepares to dominate the $24 billion RWA market by integrating controversial new permissioned layer
XRPL activated Permissioned Domains to enable regulated financial activity on its public ledger, targeting the tokenization market.Summary
The XRP Ledger (XRPL) activated Permissioned Domains, a feature allowing restricted access to digital wallets holding specific on-chain credentials, with 91% validator approval. This architectural shift is designed not to privatize the ledger but to allow highly regulated financial activity to enforce compliance directly at the protocol layer, moving away from off-chain gatekeepers. Permissioned Domains function by allowing a ledger object to store a list of accepted credentials, enabling automated, binary access control without placing personal identity data on-chain. This is crucial for the tokenization sector, as it allows institutions to restrict participation to verified entities for activities like trading and lending on-chain. This development is expected to unlock institutional usage for Ripple Payments via a future Permissioned DEX, creating credential-gated liquidity islands. While the $24 billion Real-World Asset (RWA) market is growing, the success of Permissioned Domains hinges on adoption scenarios ranging from gradual integration ("plumbing first") to rapid scaling of regulated liquidity islands, or potential fragmentation if adoption is slow.
(Source：CryptoSlate)