Ripple has announced the launch of a new permissioned decentralized exchange (DEX) on the XRP Ledger, accessible only to approved financial institutions.
Features of the Permissioned DEX
The permissioned DEX incorporates compliance controls that restrict access to specific participants within a system called a 'Permissioned Domain.' Each DEX operates within its own domain, where only whitelisted accounts can engage in trading activities.
Goals and Applications of the New DEX
The objective of the launch is to enable real-world financial applications such as cross-border B2B transactions, stablecoin-to-fiat currency swaps, and corporate treasury management. According to Ripple, the new platform meets compliance requirements while maintaining decentralized infrastructure.
Access Segregation and Security
The new DEX is not publicly available, as trading is limited to financial entities that meet specific criteria. This strategy ensures a safe environment for enterprise-level transactions, fostering a trusting and scalable platform.
The launch of the permissioned DEX by Ripple marks a significant step in integrating blockchain into traditional financial systems within strict regulatory standards.
