XRP Ledger to Implement Institutional-Focused Upgrade in October
The XRP Ledger is set for an upgrade on or around October 5, following the activation of PermissionDelegationV1_1. This feature has received strong support from network validators and aims to enhance institutional adoption by enabling granular control over account permissions. The update allows different entities—such as compliance systems, payment processors, and security teams—to operate with limited access while maintaining centralized oversight. The upgrade addresses a key limitation in blockchain operations where single-key accounts manage all functions. With PermissionDelegationV1_1, delegates can be assigned up to 10 specific permissions that the main account owner can revoke at any time. This is particularly beneficial for stablecoin issuers and custodians who need secure yet flexible operational workflows. This marks a second attempt after an earlier version was withdrawn due to security concerns in September 2025. The new implementation resolves vulnerabilities by restructuring how unauthorized transactions are handled, preventing malicious actors from exploiting transaction fees.
Tickers: $XRP
Topics: blockchain governance institutional adoption PermissionDelegationV1_1 XRP Ledger