XRP Ledger Activates XLS-85 for Expanded Token Escrow
The XRP Ledger has activated a new amendment, XLS-85, which expands its native escrow functionality to all tokens issued on the network. This update allows issuers to create and manage escrows for their tokens directly on-ledger, enhancing security and enabling new use cases like timed token releases source.
The activation of the XLS-85 amendment on the XRP Ledger (XRPL) marks a significant technical enhancement for its tokenization capabilities. Previously, the XRPL's native escrow feature was limited to its native asset, XRP. This update extends that functionality to any token issued on the ledger, including those representing real-world assets (RWAs), stablecoins, or other digital assets. The key benefit is that token issuers can now programmatically lock up tokens to be released at a specific time or upon the fulfillment of certain on-chain conditions, all without relying on complex smart contracts or third-party solutions. This feature gives issuers more control over their issued assets and enables new possibilities such as vesting schedules for employee tokens, timed-release airdrops, and other decentralized financial applications that require time-locked assets. The move is seen as a step towards making the XRPL more competitive for asset tokenization and decentralized finance (DeFi) by providing robust, built-in tools for asset management source.
