The XRP Ledger (XRPL) has implemented a significant upgrade in December 2025, enhancing its capabilities in tokenization, lending, and compliance. Key updates include improvements in rippled versions 3.0.0 and 2.6.2, featuring advanced escrow-accounting for Multi-Party Transactions (MPTs) and enhanced price-oracle processing. These upgrades also focus on scalability, with the introduction of fixDirectoryLimit, designed to bolster XRPL's efficiency as a fast settlement layer. This strategic enhancement positions XRPL to better compete with SWIFT in 2026, potentially transforming the landscape of international financial transactions.