XRP Ledger Upgrade Lays Groundwork for Lending, Tokenization Expansion
The XRP Ledger has released server software version 3.0.0 (rippled) featuring amendments, bug fixes, and improvements aimed at enhancing accounting accuracy and protocol extensibility. Operators are required to upgrade to maintain network compatibility as this update addresses ledger inconsistencies and enables future enhancements.
A significant change, called fixTokenEscrowV1, corrects an escrow accounting error affecting Multi-Purpose Tokens (MPTs) held in escrow. Previously, unlocked tokens with transfer fees incorrectly reduced the issuer’s locked balance by the gross amount rather than the net after fees. This fix ensures more accurate supply tracking as tokenized assets increasingly use escrow and fee mechanisms.
Additional amendments resolve edge-case issues in automated market makers (AMMs), price oracles, and token delivery metadata, supporting the evolution of tokenization, decentralized finance (DeFi), and institutional-grade infrastructure. Improvements also focus on operators and contributors by enhancing consensus stall detection, logging clarity, JSON parsing, and continuous integration tooling, without directly impacting end users.
Security hygiene has been strengthened through higher warning levels for malformed validator manifests and tighter signature verification, though there are no changes to the consensus rules. This upgrade reflects the XRP Ledger’s continued development toward lending, tokenization, and broader institutional infrastructure, with RippleX managing the core software development.
