Ripple, the blockchain infrastructure provider behind the open-source XRP Ledger, has unveiled its development plans for the network up to 2025, focusing on enhancing institutional DeFi capabilities and regulatory compliance.
XRPL's Roadmap for 2025
Ripple plans to enhance XRPL’s institutional DeFi ecosystem with a focus on regulatory compliance, programmability, and expanded lending options. The improvements will enable institutions using XRPL to meet regulatory requirements and offer advanced lending options. Furthermore, XRPL’s identity stack will be enhanced by adding Credentials as a lightweight feature alongside the existing decentralized identity (DID) standard.
Unlocking New Possibilities For XRPL
XRPL will introduce Multi-Purpose Tokens (MPTs) as a new standard for tokenized assets, bridging the gap between fungible and non-fungible tokens. This system will allow for the representation of tokenized assets with key metadata, providing greater flexibility.
Expanded Programmability and New Features
XRPL’s expanded programmability includes the introduction of Extensions, enabling developers to attach code snippets to existing primitives, enhancing network functionality without requiring new smart contracts. This will result in the integration of escrow, AMMs, and even an XRPL Ethereum Virtual Machine (EVM) sidechain.
Ripple's 2025 development plans for XRPL open up new possibilities for institutional DeFi, regulatory compliance, and network programmability. Many of these new features are expected to be implemented soon, as XRPL validators actively vote on them.
