XRP Ledger activates Multi-Purpose Token (MPT) standard for RWA use cases

The XRP Ledger (XRPL) formally launched the Multi-Purpose Token (MPT) standard on Wednesday, a new framework designed to simplify the issuance of real-world assets on the blockchain by institutions and ￰0￱ to Ripple developers, the MPTokensV1 amendment was activated on October 1, at around 01:12 PM UTC, after receiving 28 approvals out of 38 ￰1￱ upgrade embeds the new token standard directly into the XRP Ledger , which means developers no longer have to hard-code custom smart contracts for tokenization ￰2￱ new token standard, Multi Purpose Tokens, just got activated on the XRP Ledger ✅. Let the tokenization of everything enter the next stage! ￰3￱ — Vet 🏴‍☠️ (@Vet_X0) October 1, 2025 “MPTs are a new token standard on XRP Ledger built to meet the practical needs of developers and institutions… No custom ￰4￱ wasted cycles,” the RippleX developers account stated on X, announcing the launch of the MPT ￰5￱ said the new token standard will help financial institutions eliminate several problems in RWA tokenization , including the need for extensive security audits, complex bespoke contract logic, and meeting regulatory ￰6￱ standard to simplify RWA token launches According to an insight by Cryptopolitan in September, MPT tokens have introduced a set of core features that could improve security, transparency, and interoperability in the tokenization ￰7￱ developers have listed metadata integration as one of the provisions, which allows issuers to embed information directly into a token’s definition or link external resources through a URI ￰8￱ metadata helps assets to carry legal documentation, identifiers, or terms of use directly on the ledger as a clear and verifiable ￰9￱ also allow issuers to delegate day-to-day operations by authorizing a secondary key, known as a “Regular Key,” in activities such as freezing ￰10￱ issuer’s Master Key, meanwhile, can be held securely offline to significantly reduce its exposure to security ￰11￱ new standard will use XRPL’s native multi-signature functionality through Signer Lists, where issuers can set requirements like approvals for altering token settings or executing token ￰12￱ standard presents fungible token properties on XRPL An explainer shared by Ripple engineer Kenny Lei on X stated that any MPT account can issue tokens, allowing issuers to create large quantities and varieties from a single address.

However, they cannot hold their own tokens, and sending coins back to the issuer results in their automatic ￰13￱ management encourages issuers to use separate hot wallets for holding their own ￰14￱ tokens are treated as having been returned to the issuer for ￰15￱ importantly, holders cannot be forced to accept tokens, and they must first establish a transaction that signals their willingness to hold ￰16￱ MPT issuance is uniquely identified by a 192-bit Issuance ID, a distinct identifier for every ￰17￱ codes on MPTs can be displayed through metadata, but the system does not guarantee uniqueness of those ￰18￱ also have the option to configure a supply cap to ensure that the number of tokens in circulation never exceeds a set ￰19￱ can be burned and reissued, although their circulation will always come below the established ￰20￱ XRPL launches MPT tokens, Ripple’s chief technology officer, David Schwartz, is saying goodbye to the development team after 13 years of ￰21￱ was one of the original architects of the XRP Ledger in June 2012, alongside Jed McCaleb and Arthur Britt, in June ￰22￱ a post on X, Schwartz revealed that he will retire from day-to-day responsibilities by the end of the ￰23￱ CTO said he had been “taking stock of my last 40 years” and called his time at Ripple a “wild ride.” Sign up to Bybit and start trading with $30,050 in welcome gifts