The ledger is preparing for $XRP
(XRPL) for major upgrades that may add exciting new features to the platform. According to a recent tweet from Vet, an dUNL validator, tokenized collateral is coming soon to XRPL, expanding practical utility in the real world.
Until now, XRP could only be collateralized on the ledger; however, this is about to change as with the amendment "XLS-85d: Possible Collateral with Tokens", assets such as the stablecoin Ripple USD RLUSD, real-world tokenized assets, and meme cryptocurrencies can also be collateralized.
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Support for Multi-Purpose Tokens (MPT) is also expected, which is welcomed as a major improvement. According to Vet, "MPT support is a great addition."
Multi-Purpose Tokens (MPTs) are a more concise and flexible type of interchangeable token. MPTs will enable users to leverage ready-to-use tokenization features with just a few lines of code. Coupled with IOU support, this feature could significantly enhance tokenization and interoperability across the ledger.
A lot of exciting features are set to launch
In May, RippleX software engineer Mayouha Fadari hinted at a range of new features coming soon to the XRP ledger.
As previously reported, the pull request (PR) to modify the payment has officially been integrated into the core code of the XRP ledger (XRPL), meaning the feature will be included in the upcoming Rippled release.
XLS-56 payment transactions will allow users to batch transactions using XLS-56d specifications and support all types of transactions with a maximum of eight. The amendment also supports atomic swaps.
The upcoming rippled 2.5.0 is expected to be released in June.
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