The XRP Ledger has activated the XLS-33 MPToken V1 amendment, introducing Multi-Purpose Tokens (MPTs) as a new token standard. This advancement aims to enhance efficiency and usability in tokenization processes on the XRP Ledger. MPTs incorporate features such as compliance, control, and metadata directly into the protocol, facilitating the tokenization of real-world assets and supporting institutional DeFi applications. This development represents a significant step forward in the evolution of tokenization on the XRP Ledger.
XRP Ledger Launches New MPToken V1 Standard for Enhanced Tokenization
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