
In a latest post on X, Ripple revealed that it is introducing a new metadata standard for XRP ledger’s (XRPL) multipurpose tokens to make it easier to discover, rank, and integrate. Ripple aims to expand its institutional decentralized finance (DeFi) on the XRPL by 2025.
The new metadata for multipurpose tokens (MPTs) aims to address the challenge that users and developers face. Currently, MPTs and XRPL rely on flexible metafield data, which is full of inconveniences, as stated by Ripple. The flexible metafield data lacks structured fields like a currency code, which led to difficulties in sorting, identifying, and comparing tokens.
The new scheme proposed by Ripple aims to enhance the discoverability and rankability of MPTs, providing users and developers with a better experience. The outlined metadata standards by Ripple are:
Ripple’s proposed new metadata standard aims to address all the difficulties users previously faced, along with preventing technical and practical issues encountered in the token market. With all the new elements, the regulatory compliance remains the focal point in the new standard, reflecting Ripple’s priority of ensuring legitimacy.
Ripple is introducing a new metadata standard for XRP Ledger’s multipurpose tokens to enhance their discoverability, ranking, and integration by providing structured fields like ticker and name.
The new standard addresses current issues with flexible metafield data that make MPTs hard to sort and identify, aiming for a better user and developer experience.
Benefits include increased legitimacy, transparent transactions, smoother functionality, advanced adoption of XRPL, and enhanced competition with other platforms.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
As 2026 progresses, investors hunting for aggressive upside are looking beyond established networks like XRP…
Story Highlights The live price of the PEPE coin is . Analysts predict PEPE could…
XRP price currently stands at $2.99, with a market capitalization of $179.79 billion. Analysts and…
After spending most of the past week trading sideways following a sharp early-February selloff, RIVER…
Story Highlights The live price of the Cardano token is . Price prediction suggests potential…
Story Highlights The live price of the Dogecoin is . Analysts project Dogecoin could reach…