- XLS-65 enables integration of single-asset vaults on the XRP Ledger, allowing users to pool XRP, IOU, or MPT and obtain proportional shares of MPT.
- XRPL Commons backed the amendment after 257 Devnet tests, which covered exchange logic, access controls, and asset safeguards.
The XRP Ledger has launched a new DeFi feature through the XLS-65 amendment. The proposal introduces new native single-asset vaults that let multiple users pool a single asset into a shared on-chain structure. The model works at the protocol level, so it does not depend on smart contracts or external bridges.
Under XLS-65, a vault can only hold one asset type. That asset can be XRP, an IOU, or a Multi-Purpose Token (MPT). When users deposit funds, the ledger assigns them proportional shares, which are issued as MPT tokens and represent a user’s ownership in the vault. When a holder returns the shares, they can withdraw the matching portion of the underlying asset.
https://t.co/CJQUR7bHRn
— XRPL Commons (@xrpl_commons) March 5, 2026
This structure gives the XRP Ledger a native system for pooled asset management and creates the foundation for DeFi products that require shared liquidity. That includes lending systems, yield tools, and treasury management services. Because the feature sits inside the ledger, it inherits the speed and low-cost model already associated with XRPL.
The amendment also gives vault creators control over participation rules. A vault can remain open to all users or restrict access through the Permissioned Domains standard.
Last month, CNF covered the launch of XLS-85 on the XRPL Mainnet, which extended native escrow support beyond XRP to Trustline IOUs and Multi-Purpose Tokens.
XRP Ledger Vault Rules, Security and Withdrawals
XRPL Commons voted in favor of XLS-65 after completing a full test process on Devnet. The review included 257 test cases across 10 categories. The testing covered every transaction type linked to the amendment. It also covered edge cases and hostile scenarios designed to expose weak points.
The test results showed full alignment between the specification and the Devnet implementation. XRPL Commons also verified owner-only functions, credential-based access rules, immutable field controls, reserve handling, and transfer fee bypass provisions.
The proposal also includes built-in safeguards for asset handling. Frozen assets cannot enter a vault, and withdrawals remain limited while those assets are frozen. Issuers can still receive frozen funds back. Vaults cannot be deleted until all assets and shares are withdrawn.
XLS-65 is also built to work with prior upgrades to the XRP Ledger. It connects to XLS-66 through a LossUnrealized field that allows paper losses to be reflected during withdrawals.
This month, CNF also reported on a new XRPL sidechain proposal that would bring American-style options and up to 200x leverage to the XRP Ledger.
At press time, XRP price traded at $1.39, down 2.72% in 24 hours, while trading volume stood at $2.24 billion.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Gerelateerde artikelen
XRP Spot ETF Records $2.41M Net Inflows in Single Day; Bitwise XRP ETF Leads
Gate News message, April 23 — According to SoSoValue, XRP spot ETFs recorded net inflows of $2.41 million yesterday (April 22 ET). Bitwise XRP ETF (XRP) accounted for the entire daily inflow, bringing its historical cumulative net inflows to $419 million.
As of press time, total assets under
GateNews4u geleden
LOBSTR Wallet Integrates XRP Ledger Support, Unlocking Access for 1.3M+ Users
Abstract: The article surveys XRPL ecosystem expansion, highlighting wallet integrations (LOBSTR with XRPL Commons; Exodus custody tools) and rising institutional interest from Mastercard, BlackRock, and Franklin Templeton as XRPL real-world asset activity grows toward a multi-billion-dollar valuation, underpinned by fast settlement and low fees.
Summary: LOBSTR adds XRP Ledger support via XRPL Commons; Exodus expands XRP/RLUSD custody tools. Mastercard, BlackRock, and Franklin Templeton monitor XRPL as RWA activity climbs toward $2.5B, enabling fast, low-cost settlements.
GateNews9u geleden
XRP Price Near $1.45 as ETF Inflows Build Pressure
Key Insights
Institutional XRP ETF inflows reached $41.6 million over four days, lifting assets under management above $1.08 billion and strengthening market confidence.
XRP faces strong resistance near $1.45, where CoinGlass data highlights a short max
CryptoNewsLand11u geleden
XRP Expands to Solana as wXRP Drives DeFi Access
Key Insights
Wrapped XRP on Solana surpasses 834,000 tokens, enabling new DeFi access while strengthening cross-chain liquidity and expanding XRP utility beyond its native ledger.
Ethereum and Solana dominate DeFi activity, while XRP Ledger trails significantly, driving the need for
CryptoNewsLand11u geleden
XRP Breakout Holds as XRPL Lending Vote Gains Momentum
XRP shows weekly strength, trading above EMAs after breaking from a descending wedge; XRPL advances XLS-65/66 lending upgrades with pooled vaults and fixed-term loans; derivatives rise in volume, open interest, and options activity.
Abstract: This report notes XRP's persistent weekly momentum and price strength above key moving averages following a breakout from a descending wedge. It covers XRPL validators voting on XLS-65 and XLS-66, enabling native lending, pooled liquidity vaults, and fixed-term loans to expand on-chain financial activity. It also reports rising derivatives participation, with higher trading volume, open interest, and a surge in options activity, suggesting increasing trader positioning for a continued breakout.
CryptoNewsLand12u geleden
XRP Breakout Holds as XRPL Lending Vote Gains Momentum
XRP shows weekly strength, trading above EMAs after breaking from a descending wedge; XRPL advances XLS-65/66 lending upgrades with pooled vaults and fixed-term loans; derivatives rise in volume, open interest, and options activity.
Abstract: This report notes XRP's persistent weekly momentum and price strength above key moving averages following a breakout from a descending wedge. It covers XRPL validators voting on XLS-65 and XLS-66, enabling native lending, pooled liquidity vaults, and fixed-term loans to expand on-chain financial activity. It also reports rising derivatives participation, with higher trading volume, open interest, and a surge in options activity, suggesting increasing trader positioning for a continued breakout.
CryptoNewsLand12u geleden
